Tim Cook to Step Down as Apple CEO; John Ternus Named Successor
Apple announced that Tim Cook will step down as CEO on September 1 after nearly 15 years, with hardware engineering chief John Ternus taking over. Cook will remain at the company as executive chairman. MarketWatch highlights the 1,900% stock surge under Cook's tenure and the AI challenges ahead, while the Financial Times notes Cook will become chair; The Guardian and France 24 report Apple's market value grew by more than $3.6 trillion under his leadership. All sources agree on the September 1 transition date.
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