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Tim Cook exits CEO role at Apple

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Monday was Tim Cook's last day as CEO of Apple.

"I love this company and the team behind it, and I couldn't let this day pass without sending a note to you," Cook wrote in a memo to staff. "I will miss leading you and being with you for every step, even as I take enormous comfort in handing the helm to someone as brilliant and wonderful and capable as John."

He was referring to his successor, John Ternus.

Cook is staying on board as executive chair of the company.

Read more from Quartz.

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