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Apple Picks Hardware Executive As CEO In The Age Of AI [Forbes]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
After more than a decade at the helm, Tim Cook will step into a new role as executive chairman, while John Ternus , the company's longtime head of hardware engineering, prepares to take over as chief executive officer on September 1, 2026. The announcement by Apple's newsroom reflects a carefully orchestrated succession plan. As the company noted, “Tim Cook will become executive chairman of Apple's board of directors and John Ternus will become Apple's next chief executive officer effective on September 1, 2026.” This is not a sudden shift . Cook will remain CEO through the summer, working closely with Ternus to ensure a smooth transition before shifting his focus toward global policy engagement and strategic oversight. Cook's Transformational Era Since becoming CEO in 2011, Cook has overseen Apple's expansion from a roughly $350 billion company to one valued at over $4 trillion. Revenue has nearly quadrupled, and Apple has grown into a global ecosystem spanning more than 2.5
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