NBC News on MSN: Apple says John Ternus will be new CEO, Tim Cook to step aside later this year Associated Press News: Tim Cook will step down as Apple CEO and hand reins over to the iPhone maker’s hardware leader Apple CEO Tim Cook is stepping down as Apple's chief executive officer, and hardware engineering chief John Ternus is set to take over, Apple announced today. Cook will continue on as Apple CEO ... USA TODAY on MSN: Tim Cook is stepping down as Apple CEO, company announces TODAY: Tim Cook Stepping Down as Apple CEO, John Ternus to Replace Him Tim Cook is stepping aside as Apple's CEO after leading one of the world's largest companies for 15 years.Cook, 65, will move into the role of executive chair, Apple said in a news release on Monday, ...

Understanding the Context

Apple on Monday named John Ternus as its new CEO, effective Sept. 1. Ternus will take over from Tim Cook, who has led Apple for 15 years. Apple says John Ternus will be new CEO, Tim Cook to step aside later this year CNN on MSN: Apple CEO Tim Cook to step down after more than a decade Tim Cook, the executive who led Apple to become a $4 trillion company and defined its identity in the post-Steve Jobs era, is stepping down as CEO, Apple said on Monday.

Key Insights

Apple CEO Tim Cook to step down after more than a decade CNBC: Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1. Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman Apple announced John Ternus, its senior vice president of hardware engineering, will succeed Tim Cook as CEO on Sept. 1.