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Tim Cook has announced that he will step down as the chief executive officer of Apple in September. The tech giant revealed that company veteran John Ternus will take over the top position.
The announcement on 20 April addressed long-simmering questions over a successor to the 65-year-old Cook.
He confirmed that he will become the executive chairman of the board once he steps down as CEO.
"It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company," Cook stated.
Ternus joined Apple's product design team in 2001. He eventually rose to become the senior vice president of hardware engineering over the next 20 years.
The incoming CEO played a key role in developing the iPhone, iPad, Apple Watch, and Mac computers.
Ternus expressed his gratitude for the opportunity to carry the mission of the company forward.
"Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor," Ternus added.
Cook joined Apple in 1998 and became the chief executive in 2011. He succeeded the late, iconic co-founder Steve Jobs, who left the position due to health issues.
During his tenure, Cook expanded the product line and increased the value of the company to USD4 trillion (RM15.8 trillion).
Outgoing chairman Arthur Levinson praised his unprecedented leadership.
Levinson will transition into the role of lead independent director. This leadership shuffle comes as Apple celebrates its 50th anniversary and faces new challenges in artificial intelligence.
