Apple Inc.’s Tim Cook handed over the reins to John Ternus on Tuesday. | Business News

John Ternus takes over as Apple CEO on September 1, succeeding Tim Cook. He's already restructuring Apple's design team and shifting management

John Ternus takes over Apple as CEO while Tim Cook stays on, in a transition resembling Jeff Bezos’ handoff to Andy Jassy.

Cook will move into the role of executive chairman, while Ternus will join Apple’s board the same day. Cook has played a central role in expanding the company’s business and…

Apple CEO Tim Cook has handed over the reins to John Ternus after a 15-year tenure that transformed Apple into a $4.6 trillion company. The stock has surged 2,275% since Cook…