Announced today, Tim Cook is set to step down as Apple CEO, making way for the head of its hardware engineering team, John Ternus. The change in leadership is scheduled to take place this September. Cook has been the head of Apple for 15 years already, taking over for Steve Jobs back in 2011. As...

Apple CEO Tim Cook will step down on Sept. 1 after nearly 15 years leading the iPhone maker, handing the role to hardware chief John Ternus. Cook, 65, will become executive chairman. Under his tenure,…

The transition would end Cook's 15-year run as one of the most successful technology CEOs.

Tim Cook is stepping down as Apple's CEO after 15 years. John Ternus, SVP of hardware engineering, will become Apple’s next chief executive officer.

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity.

John Ternus, a 25-year Apple veteran who currently leads hardware engineering, will assume the top role from September 1, while Cook, a supply-chain genius who boosted Apple's market value by $3.6 trillion in his 15 years at the helm, is set to move into the position of executive chairman.

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company's market value soar by more than $3.6 trillion duri