Apple CEO Tim Cook is stepping aside at the tech giant, shifting to a new role as executive chairman.
John Ternus will succeed him as the company’s new CEO. Apple announced the change Monday, with the transition set to take effect Sep. 1. Ternus is senior VP of hardware engineering for Apple.
Cook isn’t leaving, of course, Apple says that in his new role he “will assist with certain aspects of the company, including engaging with policymakers around the world.” Art Levinson, currently Apple’s non-executive chairman, will become its lead independent director in connection with the change, and Ternus will also join the board.
“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the
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