Apple announced that Tim Cook will become executive chairman of Apple s board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple s next chief executive officer effective on September 1, 2026. The transition, which was approved unanimously by the Board of Directors, follows a thoughtful, long-term succession planning process.
Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition. As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.
Just in time for Ternus to usher in a new era for Apple and a revamped Siri in the age of AI at WWDC, in its 50th year.
Tim Cook is approaching retirement, and it is obvious he cannot hold this position indefinitely.
Tim has led the company since 2011 and helped it grow from a $350B company to a $4T giant. However, they are currently having a problem and are stagnating even in AI.
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