Apple announced on Monday that CEO Tim Cook will step down on September 1, 2026, transitioning to the role of Executive Chair of the Board, with John Ternus, currently 50 years old and head of hardware engineering, succeeding him as CEO. This arrangement has been unanimously approved by Apple's board of directors. Cook will continue serving as CEO through the summer to assist in the transition. Meanwhile, current non-executive chairman Arthur Levinson will assume the role of Lead Independent Director, and Ternus will join the board. This marks the end of a significant era at Apple. Since taking over from Steve Jobs in 2011, Cook has led Apple’s market capitalization from around $350 billion to $4 trillion, with annual profits increasing to over $110 billion, further solidifying its position as one of the most influential technology companies globally. Ternus, who joined Apple in 2001 and has long led the development of hardware products such as Mac and iPad, will face dual challenges upon taking over: slowing innovation at Apple and relatively slow progress in artificial intelligence initiatives.
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Original article: toutiao.com/article/1863039562083403/
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