Apple management is preparing for a replacement that marks a turning point in the company: Tim Cook will step down as CEO and John Ternus will be his successor. As reported by Apple, confirming the rumorsthe change is part of a pre-planned transition process supported by the board of directors. The appointment will be effective as of September 1, the date on which Ternus will assume the position after years at the head of hardware engineering.
John Ternus, current Senior Vice President of Hardware Engineering, and future CEO of Apple
Tim Cook will continue to lead Apple over the coming months while working directly with John Ternus on the transfer of responsibilities. Once the replacement is effective, he will assume the position of executive president of the board of directors, a role from which he will continue to be involved in the company’s strategy and its relationship with governments and regulators. The change redefines his role, but keeps him linked to the company’s strategy and certain institutional functions.
The replacement comes after about 15 years of Tim Cook at the helm of Apple, a stage in which the company has gone from being worth about $350 billion to reaching $4 trillion, according to data from the company itself. Under his direction, products such as Apple Watch and AirPods have been launched and the services business, which already exceeds $100 billion, has been strengthened. His successor, John Ternus, has been at Apple for more than two decades and has been a key figure in hardware development in recent years.
In development.
Images | Apple
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