Apple has just turned 50 and, in full celebration, 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 move to the position of executive chairman.
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Ternus’s appointment had been an open secret for months. Until now, he was vice president of hardware engineering, responsible for the development of devices that generate approximately 80% of Apple’s revenue, including the iPhone. For the company, the product it manufactures is as important as the software programs that make them work. Ternus, 50 years old, is responsible for coordinating both processes. Everyone in the company saw him as Cook’s natural successor.
Ternus will assume the position of chief executive on September 1, the company announced in a statement on Monday. As part of these changes, Johny Srouji, an Apple executive, will take on the expanded role of head of hardware.
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“This transition, unanimously approved by the Board of Directors, is the result of a meticulous long-term succession planning process,” the company explained in a statement. The technology group specified that “Cook will continue to serve as chief executive during the summer, while working closely with Ternus to ensure a smooth transition.”
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[Breaking news. Update coming soon]