Apple (AAPL) Appoints John Ternus as New CEO Starting September
Published on · Source: bbc.com
AI Summary
Summarized by AI from the source belowApple (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.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Apple Inc. (AAPL)
Apple designs and sells consumer electronics: the iPhone, Mac, iPad and Apple Watch. It also runs a fast-growing services business spanning the App Store, iCloud and Apple Pay.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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