Apple announced Monday that Tim Cook, who has served as the company’s CEO since 2011, is resigning. Cook took over as Apple CEO, succeeding Steve Jobs, who resigned due to health issues.
Cook will remain in his position until September 1 of this year, when John Ternus, senior vice president of hardware engineering, takes over as CEO. Cook will then assume his new role as Apple Executive Chair.
“John Turners has the spirit of an engineer, the soul of an innovator and the heart to lead with integrity and honor,” Cook said in a statement. “He is a pioneer whose contributions to Apple have already been countless over 25 years, and he is undoubtedly the right person to lead Apple into the future. I could not be more confident in his abilities and character, and I look forward to working closely with him through this transition and in my new role as Chairman.”
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