Apple is moving to a leadership change, with CEO Tim Cook set to step down from the role on Sept. 1, the company said Monday. Cook will be replaced by senior vice president of hardware engineering John Ternus, while staying on at Apple as chairman.
Ternus, who has overseen Apple’s hardware engineering division, is expected to take over day-to-day leadership of the company following the transition. Cook will remain involved in a reduced capacity as executive chairman after the handover.