Timothy Donald Cook (born November 1, 1960) is an American business executive and industrial engineer. Cook is the chief executive officer of Apple Inc., and previously served as the company's chief operating officer under its cofounder Steve Jobs.
Cook joined Apple in March 1998 as a senior vice president for worldwide operations, and then served as the executive vice presidentfor worldwide sales and operations.He was made the chief executive on August 24, 2011, prior to Jobs' death in October of that year. During his tenure as the chief executive, he has advocated for the political reformation of international and domestic surveillance, cybersecurity, corporate taxation, American manufacturing, and environmental preservation.
In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay. Cook also serves on the boards of directors of Nike, Inc., the National Football Foundation, and is a trustee of Duke University. In March 2015, he said he planned to donate his entire stock fortune to charity.
Early Life And Education
Cook was born in Mobile, Alabama, United States. He was baptized in a Baptist church and grew up in nearby Robertsdale. His father, Donald, was a shipyard worker, and his mother, Geraldine, worked at a pharmacy.
Cook graduated from Robertsdale High School. He earned a Bachelor of Science (B.S.) in industrial engineering from Auburn University in 1982, and his Master of Business Administration (MBA) from Duke University's Fuqua School of Business in 1988.
After graduating from Auburn University in 1982, Cook spent 12 years in IBM's personal computer business, ultimately serving as the director of North American fulfillment.[5] It was during this time that Cook also earned his MBA from Duke University, becoming a Fuqua Scholar in 1988. Later, he served as the Chief Operating Officer of the computer reseller division of Intelligent Electronics, and in 1997 became the Vice President for Corporate Materials at Compaq for six months.
In 1998, Steve Jobs asked Cook to join Apple. In a commencement speech at Auburn University, Cook said he decided to join Apple after meeting Jobs for the first time:
Any purely rational consideration of cost and benefits lined up in Compaq's favor, and the people who knew me best advised me to stay at Compaq... On that day in early 1998 I listened to my intuition, not the left side of my brain or for that matter even the people who knew me best... no more than five minutes into my initial interview with Steve, I wanted to throw caution and logic to the wind and join Apple. My intuition already knew that joining Apple was a once in a lifetime opportunity to work for the creative genius, and to be on the executive team that could resurrect a great American company.
His first position was Senior Vice President for worldwide operations. In relation to the role, Cook was quoted as saying: "You kind of want to manage it like you're in the dairy business. If it gets past its freshness date, you have a problem".
Cook giving the keynote at the 2012 World Wide Developers Conference.
Cook closed factories and warehouses, and replaced them with contract manufacturers; this resulted in a reduction of the company's inventory from months to days. Predicting its importance, his group invested in long-term deals such as advance investment in flash memoryfrom 2005 onward, guaranteeing stable supply of what became a key iPod Nano, then iPhone and iPad component. Competitors at Hewlett-Packard, describing their cancelled TouchPad tablet computer, later said that it was made from "cast-off reject iPad parts". Cook's actions were credited with keeping costs under control and, combined with the company's design and marketing savvy, generated huge profits.
In January 2007, Cook was promoted to lead operations and served as chief executive in 2009, while Jobs was away on a leave of absence for health related issues. In January 2011, Apple's board of directors approved a third medical leave of absence requested by Jobs. During that time, Cook was responsible for most of Apple's day-to-day operations, while Jobs made most major decisions.
After Jobs resigned as CEO and became chairman of the board, Cook was named the new chief executive officer of Apple Inc. on August 24, 2011. Six weeks later, on October 5, 2011, Jobs died due to complications from pancreatic cancer. Forbes contributor Robin Ferracone wrote in September 2011: "Jobs and Cook proceeded to forge a strong partnership, and rescued the company from its death spiral, which took it from $11 billion in revenue in 1995 down to less than $6 billion in 1998 ... Under their leadership, the company went from its nadir to a remarkable $100 billion today". In April 2012, Time included Cook on its annual "100 Most Influential People in the World" list.
On October 29, 2012, Cook made major changes to the company's executive team. Scott Forstall resigned as senior vice president of iOS, and became an advisor to Cook until he eventually departed from the company in 2013. John Browett, who was Senior VP of retail, was dismissed six months after he commenced at Apple, when he received 100,000 shares worth US$60 million. Forstall's duties were divided among four other Apple executives: design SVP Sir Jonathan Ive assumed leadership of Apple's human interface team; Craig Federighi became the new head of iOS software engineering; services chief Eddy Cue became responsible for Maps and Siri; and Bob Mansfield, previously SVP of hardware engineering, became the head of a new technology group.
Cook with Indian Prime Minister Narendra Modi in New Delhi
Cook's executive changes occurred after the third quarter of the fiscal year, when revenues and profits grew less than predicted. One commentator said that Forstall was forced to step down, as Cook "decided to lance the boil as internal politics and dissent reached a key pitch". Since becoming CEO, Cook focused upon building a harmonious culture that meant "weeding out people with disagreeable personalities—people Jobs tolerated and even held close, like Forstall";although, another journalist said that "Apple's ability to innovate came from tension and disagreement." On February 28, 2014, Cook made headlines when he challenged shareholders to "get out of the stock" if they didn't share the company's views on sustainability and climate change. In May 2016, Cook traveled to China to meet with government officials there after the closure of Apple's online iTunes Store and Apple Books store by the Chinese government.
Cook with Chongqing Mayor Huangin Apple Store Jiefangbei, China, August 17, 2016
In 2016, some analysts compared Cook to former Microsoft CEO Steve Ballmer, claiming that innovation had died down since he replaced Jobs, similar to when Ballmer became Microsoft CEO in 2000. In December 2017, Cook was a speaker at the World Internet Conference in China, where he stated that "the theme of this conference—developing a digital economy for openness and shared benefits—is a vision we at Apple share. We are proud to have worked alongside many of our partners in China to help build a community that will join a common future in cyberspace."
Research published at the University of Oxford characterised Cook's leadership style as paradigmatic of founder centrism: explained as a founder's mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation.
Awards and Honors
Financial Times Person of the Year (2014)
Ripple of Change Award (2015)
Fortune Magazine's: World's Greatest Leader. (2015)
Alabama Academy of Honor: Inductee. (2015)
Human Rights Campaign's Visibility Award (2015)
Honorary Doctor of Science from University of Glasgow in Glasgow, Scotland (2017)
Courage Against Hate award from Anti-Defamation League (2018)