Hardware engineering executive is a longtime Apple insider, indicating company will continue strategy that has led to record profits
Apple has announced longtime company veteran John Ternus as the next CEO of the company, succeeding current CEO Tim Cook, who is set to transition to executive chair of Apple’s board of directors later this year.
Ternus’s term as CEO will begin on 1 September. The hardware engineering executive is a longtime Apple insider, indicating the company will stay the course that has led to record profits under Cook’s leadership. Apple’s yearly profit now tops $100bn, and in January it announced record revenue from its iPhones, boosted by renewed demand in China.
“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” Ternus said in a company press release. “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor. It has been a privilege to help shape the products and experiences that have changed so much of how we interact with the world and with one another.”
Cook will remain as Apple CEO through the summer to aid in the leadership transition. He praised his successor as having “the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor”.
