Ternus

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.