TIM COOK STEPPING DOWN AS APPLE CEO, JOHN TERNUS TAKING OVER
Apple CEO Tim Cook will step down after 15 years in the role, transitioning to executive chairman while hardware chief John Ternus becomes CEO on September 1. Cook leaves behind a $4 trillion company with massively expanded services and wearables businesses, despite some product missteps like Vision Pro. Ternus, a longtime Apple engineer, is expected to continue shaping the company's hardware and sustainability efforts as he takes over leadership.