Apple CEO Tim Cook is resigning
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
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Source: Theverge
CEO Transition: Apple CEO Tim Cook will step down and be succeeded by John Ternus, the current senior vice president of hardware engineering, effective September 1, 2026.
Cook's New Role: After stepping down as CEO, Tim Cook will become the executive chairman of Apple's board of directors.
New Chief Hardware Officer: Johnny Srouji, previously Apple's SVP of hardware technologies, has been named the company's chief hardware officer, taking on an expanded role in hardware engineering.
Leadership Changes: The transition marks a significant shift in Apple's leadership, with Ternus overseeing hardware engineering and Srouji expanding his responsibilities in the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
