Apple CEO Tim Cook to step down
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Apple names longtime hardware chief John Ternus CEO, with Tim Cook stepping aside to become executive chairman this fall.
Apple on Monday named John Ternus as its new CEO, effective Sept. 1. Ternus will take over from Tim Cook, who has led Apple for 15 years.
Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Apple was worth around $300 million when he became CEO. It’s worth more than $4 trillion today, thanks to the consumer tech ecosystem Cook established, and the recurring revenues from the iPhone.
By Aditya Soni April 20 (Reuters) - To understand how Apple's new CEO John Ternus will run the company, pay attention to what he refuses to sell. While software rivals at Microsoft and Google are spending hundreds of billions to push artificial intelligence into every corner of their businesses,
Tim Cook is stepping down as Apple CEO, handing the reins to hardware engineering chief John Ternus.