Apple has announced a major leadership change, with Tim Cook set to step down as Chief Executive Officer after nearly 15 years in the role.
The company confirmed that Cook will move into the position of executive chairman, while John Ternus, Apple’s current head of hardware engineering, will assume the role of CEO. The transition is scheduled to take effect on September 1, with Cook remaining in charge until the handover date.
Cook joined Apple in 1998 and was appointed CEO in 2011 following the passing of co-founder Steve Jobs. During his tenure, he led the company through significant growth, expanding its range of products and services and strengthening its global influence in the technology industry.
The announcement follows months of speculation about Apple’s succession plans, with Ternus widely regarded as a leading candidate to succeed Cook.
In his new capacity as executive chairman, Cook is expected to continue playing an active role in the company, particularly in strategic planning and global policy matters.
Reflecting on his leadership journey, Cook described serving as Apple’s CEO as the greatest privilege of his life, expressing appreciation to employees for their commitment to innovation and excellence.
He also commended Ternus, describing him as a forward-thinking leader capable of guiding the company into its next phase.
Ternus, who joined Apple in 2001, has been instrumental in the development of several flagship products, including the iPad, AirPods, and successive versions of the iPhone, Mac, and Apple Watch.
Responding to his appointment, Ternus expressed gratitude to Cook for his mentorship and said he was honoured to take on the responsibility of leading the company into the future.