Tim Cook to step down as Apple CEO after 15 years

Apple Inc. has announced a alteration successful its enactment structure, with Chief Executive Officer Tim Cook acceptable to measurement down aft 15 years successful the role.

He volition beryllium succeeded by the company’s hardware chief, John Ternus.

According to the company, the modulation volition instrumentality effect connected September 1, 2026, pursuing unanimous support by its committee of directors.

Cook, who has led Apple since 2011, volition stay successful bureau until the extremity of the summertime earlier assuming the presumption of Executive Chairman.

As portion of the restructuring, existent president Arthur Levinson is expected to instrumentality connected the relation of Lead Independent Director, portion Ternus volition articulation the company’s board.

Ternus, 50, began his vocation astatine Apple successful 2001 arsenic portion of the merchandise plan squad and has steadily risen done the ranks to go Senior Vice President of Hardware Engineering.

Over the years, helium has been intimately progressive successful the improvement of respective of Apple’s cardinal products, including the iPhone, Mac, iPad, Apple Watch and AirPods.

He besides played a cardinal relation successful overseeing Apple’s modulation from Intel processors to its i...