Apple Inc. has announced a major leadership change, appointing John Ternus as its new chief executive officer, replacing Tim Cook.
The company said Cook will step down from the CEO role on September 1 after leading Apple for 15 years. He will continue as executive chairman.
Ternus, who currently heads hardware engineering, has been with Apple for more than two decades and oversees development of core products including the iPhone, iPad and Mac.
In a statement, Cook described his tenure as the greatest privilege of his life and praised Apple’s workforce, while Ternus said he was grateful for the opportunity to lead the company forward.
Cook took over in 2011 following the death of co-founder Steve Jobs and guided Apple through a period of significant growth, making it one of the world’s most valuable companies.
Under his leadership, Apple crossed multiple valuation milestones and strengthened its position in the global smartphone market.
The transition comes at a time when the tech industry is shifting rapidly, with growing competition in artificial intelligence from companies like Nvidia.
Apple said the leadership change is part of its long-term succession planning as it prepares for the next phase of innovation.
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