Apple has just turned 50 years old and, in the midst of celebration, it has decided to give a script twist to its executive structure. The technology giant based in Cupertino (California) has announced that the current head of the hardware unit, John Ternus, will become the new CEO of the apple company, replacing Tim Cook, who will take the position of executive president.
Ternus will be in charge of the operational management and strategy of the company. “As CEO, Cook will support various aspects of the company, including interacting with policymakers around the world,” the company explains.
Ternus’ appointment was an open secret for months. Until now he was vice president of hardware engineering, responsible for the development of the devices that generate approximately 80% of Apple’s revenue, including the iPhone. For the company, the product it manufactures is as important as the computer programs that make them work. Ternus, 50 years old, is in charge of coordinating both processes. Everyone in the company saw him as Cook’s natural successor.
Ternus will take over as CEO on September 1, the company said in a statement Monday. As part of these changes, Apple executive Johny Srouji will take on the expanded role of chief hardware officer.
“This transition, approved unanimously by the Board of Directors, is the result of a thorough long-term succession planning process,” the company explained in a statement. The technology group has specified that “Cook will continue to serve as CEO over the summer, while working closely with Ternus to ensure a smooth transition.”
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