Tim Cook to step down as Apple chief as John Ternus named replacement

Apple has announced that John Ternus will succeed Tim Cook as CEO, effective September 1. Cook, who has led the company since 2011, will transition to the role of executive chair, focusing on global policy engagement. The leadership change marks the end of nearly 15 years under Cook’s stewardship, during which Apple grew into one of the world’s most valuable companies. Tim Cook’s tenure as CEO saw Apple expand its product lineup and global reach significantly. Known for his operational expertise, Cook oversaw the launch of major hardware innovations such as the Apple Watch and AirPods, as well as services including Apple Music and Apple TV+. Under his leadership, Apple’s market capitalization surged from approximately $350 billion to over $4 trillion, with the company reporting record iPhone sales and annual profits exceeding $100 billion. Cook also played a key role in navigating complex international relations, maintaining supply chains amid geopolitical tensions. John Ternus, 50, has been with Apple since 2001 and currently heads the company’s hardware engineering division. He was instrumental in the development of several flagship products and is recognized for his engineering acumen and innovative approach. Ternus described Cook as a mentor and expressed commitment to upholding Apple’s core values and vision. His appointment follows a succession plan reportedly in development since last year, reflecting Apple’s focus on continuity and innovation. The transition comes at a time when Apple faces growing scrutiny over regulatory and competitive challenges worldwide. Ternus inherits a company with a dominant market position but also increased pressure to sustain growth and address issues related to privacy, antitrust concerns, and evolving consumer expectations. Cook’s continued involvement as executive chair is expected to provide stability during this pivotal period.