Apple is preparing for a major handover as apple ceo Tim Cook steps down on 1 September after nearly 15 years in charge.
Cook’s legacy and the board’s decision
The board approved the transition unanimously. John Ternus, 50, the senior vice president of hardware engineering, will become the company’s fourth chief executive.
However, Cook will remain as executive chairman, with a focus on policy engagement and regulatory relationships. That role reflects growing apple regulatory pressure across several regions.
During Cook’s tenure, apple market value climbed from $348 billion to roughly $4 trillion, while annual revenue rose to about $416 billion. In a statement, Cook praised Ternus as an engineer and innovator with the integrity to guide the company forward.
How John Ternus rose through Apple
John Ternus profile details show a long climb inside the company. He joined Apple in 2001, beginning with the Cinema Display, then moved through the hardware organization.
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