Instant Reaction: Apple Names John Ternus Next CEO, Tim Cook Becomes Chairman
4/20/202619 min
Apple named hardware chief John Ternus as the iPhone maker’s next leader, with Chief Executive Officer Tim Cook shifting to the role of executive chairman.
Ternus, 50, will become CEO on Sept. 1, the company said in a statement Monday. The Apple veteran was head of hardware engineering since 2021 and has spent 25 years focused on product development at the iPhone maker. Bloomberg News previously reported that Ternus was Cook’s heir apparent.
Ternus’s hardware engineering division will be taken over by longtime deputy Tom Marieb, according to a person with knowledge of the matter. He will report to newly named Chief Hardware Officer Johny Srouji. In that role, Srouji is gaining oversight of a newly combined hardware engineering and hardware technologies group.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Bloomberg News Senior Executive Editor for Global Technology Tom Giles
- Bloomberg Intelligence Global Tech Research Head Mandeep Singh
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[instrumental music] I'm June Grasso, inviting you to join me for the Bloomberg Law Podcast. Every weekday, we help you make sense of the legal stories that shape the nation and the world. Listen for complete analysis of the biggest court cases, the latest actions from Congress and regulators, and the legal moves driving the markets. From corporate law to constitutional law, and from state courts to the Supreme Court. At Bloomberg Law, we go beyond the day's headlines. We speak with top attorneys, judges, scholars, and policy experts to break down what the rulings really mean. We do this every weekday, then bring you the best conversations in our daily podcast. Search for Bloomberg Law on YouTube, Apple, Spotify, or anywhere else you listen. On the East Coast, listen as you start your day, and on the West Coast, catch up in the evening. That's the Bloomberg Law podcast with me, June Grasso. Subscribe today wherever you get your podcasts.
Speaker 10:59
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Speaker 21:07
[upbeat music] This is a breaking news update from Bloomberg. Instant reaction and analysis from our three thousand journalists and analysts around the world.
Tim Stenovec· Host1:18
John Ternus has been named CEO of Apple and Tim Cook named executive chair.
Carol Massar· Host1:24
I'm going right to the press release from the company. Apple announcing that Tim Cook will become executive chairman of