Apple announced this Monday that John Ternus will happen to Tim Cook as the new CEO, and the latter will assume the position of executive president of the Board of Directors. The changes will occur next September 1. Ternus, until now Senior Vice President of Hardware Engineering, will join Apple’s board of directors as he assumes the role of CEO. For its part, Arthur Levinsonwho has been non-executive chairman of the apple company for the past 15 years, will become the lead independent director of the iPhone maker. «Cook will continue in his role as CEO over the summer, working closely with Ternus to ensure a smooth transition«Apple said in a statement, detailing that the board of directors made the appointment last Friday. Cook, the Cupertino (California)-based company added, as the new executive president «will collaborate on various aspects of the company, including interaction with policy makers around the world.»
«It has been the greatest privilege of my life to be the CEO of Apple and to have been entrusted with the leadership of such an extraordinary company»said Cook, who was grateful to «have had the opportunity to work with a team of such ingenious, innovative, creative and deeply committed people, who have demonstrated an unwavering dedication to enriching the lives of our customers and creating the best products and services in the world.» And about Ternus, Cook has assured that «he has the mind of an engineer, the soul of an innovator and the vocation to lead with integrity and honor.» In his own words, «he is a visionary whose contributions to Apple over 25 years are countless, and certainly He is the right person to guide Apple into the future«. «I have complete confidence in his abilities,» he added. For his part, Apple’s new CEO said he is «deeply grateful for this opportunity.» «After having dedicated almost my entire career to Apple, I have been fortunate to work with Steve Jobs and to have Tim Cook as a mentor. It has been a privilege contribute to the development of products and experiences that have transformed the way we interact with the world and each other«, he commented. And he added: «I am filled with optimism about what we can achieve in the coming years and I am happy to know that the most talented people in the world are here, at Apple, determined to be part of something bigger than any of us.» «I am honored to take on this role and I promise to lead with the values and vision that have defined this very special place for half a century,» he concluded. Levinson stated that «Tim’s exceptional and unprecedented leadership has transformed Apple into the best company in the world»and is that «it has introduced innovative products and services time and time again, and its integrity and values are present in everything Apple does.» «On behalf of the entire Board of Directors, we are deeply grateful for his countless contributions to Apple and the world, and we are excited that he will now serve as Executive Chairman. We believe John is the best possible leader to succeed Tim andas he transitions to CEO, we know that his passion for Apple, his leadership, his deep technical knowledge and his tireless focus on creating great products will help guide Apple to an extraordinary future,» he noted.
PRODUCTS UNDER THE LEADERSHIP OF COOK
It is worth remembering that Tim Cook joined Apple in 1998, but it wasn’t until 2011 when he became CEO. During his tenure he has overseen the launch of numerous products and services, including Apple Watch, AirPods and Apple Vision Proand services that range from iCloud and Apple Pay until AppleTV and Apple Music. He has also been «pivotal» in the expansion of existing product lines, says the apple firm, and under his leadership Apple «has grown from a market capitalization of approximately $350 billion to $4 trillion, which represents an increase of more than 1,000%, and annual revenues have almost quadrupled, going from $108 billion in fiscal year 2011 to more than $416 billion in fiscal year 2025.» Without forgetting that during this time the company has «substantially expanded» its global presenceespecially in emerging markets. It is currently present in more than 200 countries and territories, operates more than 500 retail stores and has surpassed 100,000 employees worldwide, increasing its active installed base to more than 2.5 billion devices. Ternus, for his part, He joined Apple’s product design team in 2001 and became vice president of Hardware Engineering in 2013.. In 2021 he joined the executive team as Senior Vice President of Hardware Engineering. Throughout his career at Apple, Ternus has supervised Hardware Engineering work on a variety of «innovative» products across all categories, explains the Cupertino firm. «He was instrumental in the launch of multiple new product lines, such as iPad and the AirPodsas well as in several generations of products for iPhone, Mac and Apple Watch«He adds. Before joining Apple, Ternus worked as a mechanical engineer at Virtual Research Systems. He has a degree in Mechanical Engineering from the University of Pennsylvania.
