Tim Cook, 65, will turn the CEO duties over to Apple’s head of hardware engineering, John Ternus, on 1 September while remaining involved with the Cupertino, California, company as executive chairman. That’s similar to the transitions made by Amazon’s Jeff Bezos and Netflix’s Reed Hastings after they ended their highly successful tenures as CEO.
To allow Cook to assume his new job, Arthur Levinson will relinquish his role as Apple’s non-executive chairman while remaining on its board of directors.
