Overview
- Apple, which announced the leadership handoff Monday, said the change takes effect Sept. 1 after a unanimous board vote.
- Tim Cook will oversee the transition through the summer and, as executive chairman, keep a strategic role with governments and global partners.
- Apple expanded hardware leadership by elevating chip chief Johny Srouji, underscoring a device-first push and on‑device AI features.
- Apple shares fell about 2.5% on Tuesday as investors weighed the succession plan and the company’s AI and product roadmap.
- John Ternus has been at Apple since 2001 and led engineering across iPhone, Mac, iPad, and AirPods, a choice that follows COO Jeff Williams’ 2025 retirement.