Current Affairs - Business - Discussion

Tim Cook is stepping down as the Chief Executive Officer of Apple on September 1, 2026, after serving in the role for 15 years. He became CEO on August 24, 2011, succeeding Apple co-founder Steve Jobs. Following the leadership transition, John Ternus, Apple's Senior Vice President of Hardware Engineering, is set to become the new CEO. Tim Cook will move into the position of Executive Chairman of Apple's board. Before becoming CEO, Cook joined Apple in 1998 as Senior Vice President for Worldwide Operations and later served as Chief Operating Officer. His leadership significantly strengthened Apple's supply chain and operational efficiency.