Apple Names John Ternus CEO, Tim Cook Moves to Chairman

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- Apple will transition its CEO role from Tim Cook to John Ternus on September 1, while Cook moves to executive chairman.
- John Ternus brings a 25‑year product‑focused track record, having led the launch of the iPhone Air and the M4 Macs.
- Tim Cook will retain a political liaison function, continuing to engage U.S. policymakers, including President Trump.
- Johny Srouji is named chief hardware officer effective immediately, succeeding Ternus in that role.
Why it matters: Apple shareholders gain a product‑centric CEO as John Ternus takes the helm on September 1, while Tim Cook's policy role preserves regulatory goodwill; the shift accelerates hardware innovation and boosts market confidence before Q4.
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