Tim Cook to Become Executive Chairman; Ternus Named New CEO

Apple Newsroom: 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. And we all breathed a collective sigh of relief. Monday is a day many of us have been hoping for. Ternus will be the new chief executive, and Johny Srouji will assume Ternus’s old position. Cook will remain on the Apple board as the executive chairman to help with politics, leaving Ternus to manage the day-to-day operations of the company. Ternus comes with decades…