Tim Cook steps down as Apple CEO, replaced by John Ternus
Tim Cook, the executive who steered Apple into a $4 trillion powerhouse and shaped its identity in the post-Steve Jobs era, is stepping down as CEO, the company announced Monday. John Ternus, Apple’s senior vice president of hardware engineering, will assume the role of CEO effective September 1. Cook will transition to executive chairman of the board and remain CEO through the summer to ensure a smooth handover. “It has been the greatest privilege of my life to be the CEO of Apple and to have
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