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Tim Cook is named 'Person of the Year' by The Financial Times

December 11, 2014

Tim Cook has been named the“Person of the Year” by The Financial Times. The honor comes four years after the late Apple co-founder Steve Jobs was awarded the title.

In honoring Cook, The Financial Times said:

This year has seen Apple’s chief step out of the shadows of his predecessor and imprint the company with his own set of values and priorities: bringing in fresh blood, changing how it manages its cash pile, opening Apple up to greater collaboration and focusing more on social issues.

Cook, who became Apple CEO in 2011, is praised for his decision earlier this year to come out. The publication says, “His eloquent defense of equality came after a year of faltering progress on gay marriage in the US and as arguments rage about the lack of diversity among the people running the Silicon Valley companies, including Apple, who shape so much of our culture.”

The Financial Times also notes Apple’s purchase of Beats, the hiring of Angela Ahrendts to run Apple’s retail channels, and the introduction of Apple Pay and the Apple Watch, as reasons for Cook’s banner year.

Earlier this week, Cook was named a finalist for Time Magazine’s “Person of the Year” award. That title went to the Ebola Fighters.

See also: Apple CEO Tim Cook talks with civil rights leader Jesse Jackson about diversity in techAlabama bill against LGBT discrimination to be named after Apple CEO Tim Cook, and Facebook CEO Mark Zuckerberg goes after Tim Cook, Apple.

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