It’s Emmy Awards night, and John Ternus is in attendance. The new Apple CEO officially took over for Tim Cook two weeks ago, and he’s already doing iPhone Duo product demos for the stars and press.
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New Apple CEO John Ternus has just sent his first company-wide memo. In it, Ternus thanks Tim Cook and recognizes that Apple is “so lucky to have had a CEO who led with his values and with such decency and humanity.”
“We have a huge launch next week that’s going to be phenomenal,” Ternus also says, in reference to Apple’s forthcoming “Surprise and shine” special event.
Read the full memo, obtained by 9to5Mac, below.
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Bloomberg carries a piece noting the astonishing gains made by Apple stockholders during the time when Tim Cook was CEO. The cumulative gain was 2,275% – or a total return of 2,736% when accounting for dividend payments also.
The site suggests this will make him a tough act to follow, but my own view is that new CEO John Ternus doesn’t have to emulate Cook’s management of the company …
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After 15 years at the helm, today is officially Tim Cook’s last day as Apple CEO. In April, Apple announced that Cook would step down as CEO on September 1, with John Ternus set to take the reins.
Cook, of course, isn’t going away completely. Instead, he’s set to become executive chairman of Apple’s board of directors.
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Apple CEO Tim Cook is giving up the title and passing the torch to John Ternus on September 1.
Unsurprisingly, Cook is taking on the role of board executive chairman, a position in which Cook is expected to remain very active as Apple’s chief global diplomat. Retiring as CEO? Yes. But retiring into the sunset? Hardly. You can take Tim at his word when he says he can’t imagine life without Apple.
As Apple’s CEO transition shifts into the public-facing phase, I couldn’t help but revisit some of the official press material from the previous changing of the guard.
That happened under very different circumstances, of course, with Steve Jobs at the end of his life. It’s incredibly touching to revisit now. There are also echoes of Steve’s endorsement of Tim Cook in Tim’s endorsement of the next Apple CEO, John Ternus.
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A supposed Tim Cook retirement leak late last year indicated that hardware head John Ternus was Apple’s planned successor and that the announcement would be made ahead of WWDC 2026 in June.
I wrote at the time that this was very clearly a trial balloon by the company in order to test reaction to the plan, and we can now see that this indeed paved the way for yesterday’s announcement …
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Apple CEO Tim Cook is stepping down, and John Ternus is taking over. The CEO transition has quietly been underway for some time now. Starting today, the transition is happening publicly and will be complete this fall.
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It has long been an open secret that John Ternus is a leading candidate to succeed Tim Cook as Apple CEO, following more than fourteen years at the helm. Bloomberg’s Mark Gurman has reinforced that expectation through years of reporting on Apple’s succession planning.
Today, The New York Times adds to that narrative with a detailed profile of Ternus that positions him as a front-runner while also outlining several alternative internal succession paths.
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