Apple announces Tim Cook will step down as CEO on September 1, with John Ternus set to take over as the company prepares for a major iPhone overhaul.
Tim Cook to step down as Apple CEO on September 1st
Tim Cook to step down as Apple CEO on September 1st. The announcement, made Monday afternoon, revealed that Cook will move into the role of executive chairman after leading the company for 15 years.
Taking over as CEO is John Ternus, 51, currently Apple’s head of hardware and a highly regarded figure within the company. Despite stepping away from daily operations, Cook, 65, will remain influential in guiding Apple’s long-term strategy and product vision.
Apple confirmed that the leadership change was unanimously approved by its board of directors and follows a carefully planned succession strategy. Cook has been at the helm since 2011, when he succeeded co-founder Steve Jobs.
The transition comes at a pivotal time for Apple, as it prepares for a major iPhone redesign, including the potential launch of its first foldable device.
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