Cook, who will stay on as executive chairman, will turn the CEO duties over to John Ternus, Apple’s head of hardware engineering
Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than US$3.6 trillion during an iPhone-fuelled era of prosperity.
Ternus, who joined Apple in 2001, has recently overseen the company’s hardware engineering efforts and has played a key role in reigniting sales of products such as Apple’s Mac computers, which have gained market share in recent years.
Ben Bajarin, CEO of technology consulting firm Creative Strategies, said Ternus is well-liked within Apple “and will bring fresh energy”.
Source: News - South China Morning Post
