From left: John Ternus and Tim Cook. Image: Apple
The incoming CEO said he was ‘lucky to have worked under Steve Jobs’ and to have had Tim Cook as a mentor.
Tim Cook is stepping down as Apple’s CEO after 15 years in the role. The company has announced John Ternus, senior vice president of hardware engineering, as his successor. Company shares went up marginally following the announcement.
Starting 1 September, Cook will assume the role of chairperson of Apple’s board. Ternus will be joining the board.
The new CEO’s position will be taken over by Johny Srouji, whose current role as the senior vice president of hardware technologies will expand to absorb the Ternus’s responsibilities.
