Tim Cook Hands Apple Leadership to John Ternus
Apple CEO Tim Cook is stepping down after fifteen years, passing leadership to hardware chief John Ternus. Cook transitions to executive chairman while Ternus faces major challenges in artificial intelligence.
APPLE INC hardware chief John Ternus will take over as CEO, succeeding Tim Cook after a 15-year tenure that grew the company from $350 billion to over $4.5 trillion. Cook will transition to executive chairman on September 1, guiding the iPhone maker through geopolitical tensions between the United States and China. Cook transformed the tech giant into a $416 billion annual revenue powerhouse with a 2.5 billion active device base. The leadership change comes as the company navigates critical shifts in hardware production and artificial intelligence.
