An article summarized by 9To5Mac:
Today marks the end of an era at Apple. After 15 years as CEO, Tim Cook is stepping down from the role on September 1st, with longtime Apple executive John Ternus set to take over. Cook became CEO in 2011, shortly before Steve Jobs' death, while Ternus joined Apple in 2001 and has spent years leading the company's hardware engineering division.
Cook isn't leaving Apple entirely. He will become executive chairman of the board and is expected to continue managing some of Apple's most important political and international relationships, including with the Trump administration and China. Meanwhile, Ternus will take over day-to-day leadership as Apple prepares for what is expected to be a major new product cycle.
The transition comes at a pivotal moment for Apple, which has recently raised prices on several hardware products and subscription services. Ternus will reportedly lead Apple's upcoming September event and take charge as the company prepares to launch new products, including expected new iPhones, Apple Watches, and other devices. The leadership change marks the biggest shift at Apple since Cook succeeded Jobs 15 years ago.
