Apple CEO Tim Cook is stepping down after nearly 15 years in the role, but he's not retiring. He will remain with the Cupertino, California-based company as executive chairman, according to the company's announcement.
Cook will continue to play a role in the company’s long-term strategy, major decisions, and corporate governance. He will hand over leadership to Apple hardware chief John Ternus on September 1.
John Ternus, who joined Apple in 2001, has been named the new CEO. He holds a bachelor’s degree in Mechanical Engineering from the University of Pennsylvania and oversees development across Apple’s major product lines, including the iPhone, iPad, Mac, Apple Watch, AirPods, and Vision Pro.
