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Apple Holds Farewell Party for Tim Cook as Ternus Prepares to Take Over
Apple CEO Tim Cook is transitioning to the role of executive chairman on September 1, with hardware engineering chief John Ternus succeeding him.
What: Apple held a farewell event for Tim Cook at its Cupertino headquarters following his 15-year tenure. John Ternus, who has led hardware engineering since 2021, will take over as CEO.
Why it matters: This transition marks the end of a long, stability-focused era at Apple, with the company emphasizing continuity by retaining Cook in an advisory capacity.
Original article
Tim Cook will step down as Apple's CEO on September 1. The company held a celebration for Cook on August 23, a day before his 15th anniversary as Apple CEO. Approximately 200 people attended the party, where the band OneRepublic performed. Cook will remain with Apple and become the company's executive chairman. John Ternus, who has been at Apple since 2001, will take over as CEO.
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