Industry Odisha Bureau, April 21: World-renowned iPhone-maker Apple’s incumbent Senior Vice President (Sr VP) John Ternus has formally been named as the next Chief Executive Officer (CEO), while incumbent CEO Tim Cook has been promoted to the newly-created role of Executive Chairman (EC) of the US tech giant.
Reports said that, the Apple Board unanimously accorded its seal of approval, while both Tim Cook and John Ternus will assume their respective new posts of EC and CEO with effect from September 1, 2026.
Reports added that, Tim Cook led Apple since 2011, and now as its new EC would look after the company’s global policy affairs as well as render his precious contributions to certain important company matters whenever warranted, while his new successor John Ternus will now join the Apple Board of Directors from September 1 this year.
On the other hand, Arthur Levinson, who has been Apple’s Non-Executive Chairman for the last 15 years, will now be in the new role of Lead Independent Director with effect from September 1.
Releasing an official statement soon after the new development at the management level, Tim Cook said, “It has been the greatest privilege of my life to be the CEO of Apple”.
Lauding his new successor John Ternus, Tim Cook said, “Ternus is someone with the mind of an engineer, the soul of an innovator, and the heart to lead with integrity”.
In his reactions, an elated John Ternus said, “I am profoundly grateful for this opportunity to carry Apple’s mission forward”.
Notably, Apple’s 50-year-old new CEO-designate John Ternus had joined the US tech giant’s product design team in 2001 and gradually got elevated to the post of Senior Vice President in 2021. He played a pivotal role in the development of iPad, AirPods as well as various models of iPhone and Mac by his team. Credit goes to him and his team for launching recently the ultrathin iPhone Air and the new MacBook Neo.
Need to be mentioned here that, incumbent CEO Tim Cook’s contributions to Apple’s growth graph assume utmost significance. Apple’s market capitalization reportedly climbed up to a whopping $4 trillion from $ 350 billion under his able leadership.
