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Apple has named John Ternus as its new CEO to replace Tim Cook, who is stepping down after 15 years at the helm of the tech giant. Ternus, currently head of device engineering who has been at Apple for 25 years, will take over on September 1, and Cook will become executive chairman. Cook has been Apple's CEO since 2011, after co-founder Steve Jobs stepped down for health reasons shortly before his death.
Cook will stay on as CEO through the summer to work with Ternus through the transition, after which he will "assist with certain aspects of the company, including engaging with policymakers around the world." Cook's decision to step down from the CEO role comes after months of speculation that Apple was looking for a successor. He described the job as "the greatest privilege of my life" and during his tenure led the company to become one of the most valuable in the world.
In 2018, Apple became the first public company to be valued at $1 trillion (£740 billion). It is now worth $4 trillion. Cook described Ternus as a “visionary” leader with “the mind of an engineer, the spirit of an innovator and the heart to lead with integrity and honor”.
"He is undoubtedly the right person to lead Apple into the future," Cook added.
Ternus emerged as one of the favorites to replace Cook last year after another longtime executive, chief operating officer Jeff Williams, left the company. During his quarter-century at Apple, Ternus worked on nearly every major product the company has released, including every generation of the iPad, multiple generations of the iPhone and the launch of AirPods and the Apple Watch. He also oversaw the transition of Mac computer processors to Apple’s own silicon. Ternus also worked under Jobs. In a statement Monday, he referred to Cook as his “mentor.”
"I am full of optimism about what we can achieve in the coming years," Ternus said./CNA, translated by BBC
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