Tim Cook stepping down as Apple CEO, John Ternus taking over

Apple announced on Monday that Tim Cook, who has served as Apple’s CEO since 2011, will step down. Cook was the direct successor as Apple CEO after Steve Jobs, who resigned due to health issues.

Cook will remain in his role until September 1 of this year, when Senior Vice President of Hardware Engineering John Ternus will take over as CEO. Cook will then transition to a new role as Apple Executive Chairman.