John Ternus will take over as Apple Inc.'s CEO after spending 25 years focused on the company's hardware engineering operations, while Tim Cook steps down after 15 years at the helm and remains as executive chairman to assist with sensitive relationships, including those with President Donald Trump and the Chinese government. The transition mirrors Jeff Bezos' move at Amazon.com, Inc., where he remained executive chairman after resigning as CEO in 2021, leaving Andy Jassy in charge of day-to-day operations. However, such transitions can falter, as seen with Bob Iger's clashes with his successor Bob Chapek at Walt Disney Co., which led to Iger's return as CEO in 2022. Ternus, who has overseen Macs, iPads, AirPods, and iPhones, will rely on executives including COO Sabih Khan, CFO Kevan Parekh, and services chief Eddy Cue to handle finance, sales, supply chains, legal affairs, government relations, international politics, services, and AI. Apple is preparing to launch its first major product under the new CEO on Sept. 9, expected to be the iPhone 18 series and its first foldable iPhone.
Apple Inc.CEO transition from Tim Cook to John Ternus; no clear positive or negative driver stated for Apple's business.
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Walt Disney Company