John Ternus Named Apple CEO as Tim Cook Becomes Chairman

APPLE INC has announced that John Ternus will become the new Chief Executive Officer of the company, while Tim Cook will transition to the role of executive chairman. The leadership change, announced on Monday, signals a significant transition for the iPhone manufacturer. Ternus, who previously served as the Vice President of Hardware Engineering, will take over the top executive position immediately. Tim Cook, who has served as CEO since 2011, will continue to serve the company in his new capacity as executive chairman. The transition represents a planned succession for the technology giant as it continues to evolve its product lineup and service offerings.