Apple has appointed John Ternus as the new CEO following Tim Cook’s decision to step down. Cook, who took over as CEO in 2011 after Steve Jobs resigned due to health issues, will continue as the executive chair of the company.
Expressing his gratitude in a press release, Cook stated, “It has been the greatest privilege of my life to lead such an extraordinary company like Apple. I am thankful for the opportunity to work with a team of brilliant, innovative, and dedicated individuals committed to enhancing customer lives and delivering top-notch products and services globally.”
The 65-year-old Cook will collaborate with Ternus during the transition period and then focus on specific company aspects, including engaging with policymakers worldwide. The Board of Directors unanimously approved the leadership change. Ternus, who previously served as the senior vice president of Hardware Engineering, commented, “I am deeply honored to continue Apple’s mission. Working at Apple for most of my career under the guidance of Steve Jobs and Tim Cook has been a privilege. I am excited about our future endeavors and proud to be part of a team dedicated to something greater than ourselves.”
Ternus expressed optimism about the company’s future and his commitment to leading based on the core values and vision that define Apple’s legacy.