Apple Announces Historic Leadership Transition as Tim Cook Steps Down; John Ternus Named Successor
Apple veteran Tim Cook will step down from his position as CEO, the company announced on Monday. The leadership transition, which is set to take place later this year, will see Cook hand over the reins to a senior executive within the company. The move, which the Cupertino-based tech giant claims was approved unanimously by the Board of Directors, marks one of the most significant leadership changes at Apple since Cook took over the position after the passing of Apple co-founder Steve Jobs in 2011.
