Apple CEO Tim Cook steps down, company names Ternus as incoming CEO
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AI GeneratedApple CEO Tim Cook is stepping down to become executive chairman of the board, with John Ternus set to take over as CEO on September 1. Cook, who joined Apple in 1998 and became CEO in 2011, oversaw significant growth during his tenure. Ternus, a 25-year Apple veteran, has been instrumental in hardware engineering and product development. Under Cook's leadership, Apple saw substantial financial success but faced challenges in areas like artificial intelligence. Ternus will be Apple's eighth CEO, with other executive leadership changes also taking place.