Apple (AAPL) Appoints John Ternus as New CEO Starting September

Apple (AAPL) has announced that John Ternus will succeed Tim Cook as CEO, effective September 1, 2023. Cook, who has led the company since 2011, will transition to executive chairman and assist with specific company aspects post-succession. Under Cook's leadership, Apple's market value surged from $1 trillion in 2018 to approximately $4 trillion currently. Ternus, a 25-year veteran of Apple and head of hardware engineering, is expected to focus on increasing innovation in Apple's product lines as the company seeks its next growth engine.