Apple announced that John Ternus will be the company's new CEO, replacing Tim Cook in September. Cook will become executive chairman and remain at the company focusing on political and institutional relations.
Tim Cook has led Apple since August 2011, when Steve Jobs resigned as CEO due to the cancer that would lead to his death in October of that year. This is Apple's first CEO transition since Tim Cook succeeded Steve Jobs in 2011, with Cook having discretely prepared the succession and expanded Ternus's role by placing him in charge of design teams at the end of last year.
What the sources say
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John Ternus has 25 years of experience at Apple
Tim Cook has led Apple since 2011, when he succeeded Steve Jobs
Under Cook, Apple's market value increased 24-fold
Cook is 65 years old
Unconfirmed exclusive
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John Ternus is 50 years old
⚠ only one source — exclusive, unconfirmed
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Apple is valued at approximately $4 trillion in the market
⚠ only one source — exclusive, unconfirmed
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Cook expanded Ternus's role at the end of last year, putting him in charge of design teams
⚠ only one source — exclusive, unconfirmed
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Ternus joined the product engineering team in 2001
⚠ only one source — exclusive, unconfirmed
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Ternus has been vice president of hardware engineering since 2013
⚠ only one source — exclusive, unconfirmed