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Stock impact report

Who is John Ternus, Apple's next CEO? [Yahoo! Finance]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Yahoo! Finance
· Photograph: Sarah Yenesel/EPA Apple has announced longtime company veteran John Ternus as the next CEO of the company, succeeding current CEO Tim Cook, who is set to transition to executive chair of Apple's board of directors later this year. Related: Fifteen years after Steve Jobs, Tim Cook leaves a dramatically different Apple Ternus's term as CEO will begin on 1 September. The hardware engineering executive is a longtime Apple insider, indicating the company will stay the course that has led to record profits under Cook's leadership. Apple's yearly profit now tops $100bn, and in January it announced record revenue from its iPhones, boosted by renewed demand in China “I am profoundly grateful for this opportunity to carry Apple's mission forward,” Ternus said in a company press release . “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor. It has been a privilege to help shape the produc Show less Read more
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