Apple's veteran John Ternus named as new CEO
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Apple CEO Tim Cook will step down on September 1, with hardware chief John Ternus taking over.
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John Ternus has been named as Apple's new CEO, taking over from Tim Cook on September 1. Cook, who led the iPhone maker for nearly 15 years, will transition to executive chairman. This leadership change follows a period under Cook where Apple's market value increased by over $3.6 trillion. The appointment signifies a shift in leadership for one of the world's most valuable companies, with hardware chief Ternus now at the helm.
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