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Apple Names John Ternus CEO, Succeeding Tim Cook on Sept. 1

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Apple announced that Tim Cook will step down as CEO after nearly 15 years, handing the role to John Ternus, the company’s senior vice president of hardware engineering. Ternus will take over on Sept. 1 ahead of major product launches and the holiday period. Commentary highlights Apple’s market-cap growth during Cook’s tenure and the scale of the leadership transition.

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