Apple · CNBC Technology
New Apple CEO John Ternus doubted himself when he started: 'I wasn't sure I belonged'
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Apple is adding a new CEO to its ranks and continuing a long-running tradition of internal promotion.
Key facts
- Wall Street analysts view the CEO promotion as a potential catalyst for reigniting optimism in Apple and its AI strategy
- Industry experts have long speculated that the 50-year-old Ternus would become Cook's eventual successor
- The iPhone maker on Monday announced that CEO Tim Cook will step down as chief executive in September and named senior vice president of hardware engineering John Ternus as his successor
- When Ternus takes the reins this September, he'll become the company's eighth CEO
Summary
The iPhone maker on Monday announced that CEO Tim Cook will step down as chief executive in September and named senior vice president of hardware engineering John Ternus as his successor. He has the "mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor," Cook wrote announcing Ternus as CEO. Industry experts have long speculated that the 50-year-old Ternus would become Cook's eventual successor. When Ternus takes the reins this September, he'll become the company's eighth CEO.