As Ternus replaces Cook as CEO, Apple turns to a technical leader to ‘reinvent’

What Happened

Apple announced John Ternus, senior vice-president of hardware engineering, as new CEO effective September 1, replacing Tim Cook who led the company for 15 years since 2011. Ternus, 51, joined Apple in 2001 and is known as a product innovator. The leadership transition marks Apple's preference for promoting internal candidates to lead the $4 trillion technology company.

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