Apple CEO Tim Cook will step down in September and be succeeded by hardware chief John Ternus, the company said Monday. Cook will become executive chairman of Apple's board.

Apple ⁠on ⁠Monday named insider ​John Ternus ‌as its next ‌CEO, ⁠tasking ⁠the long-time hardware chief ​to steer the ​company after Tim ⁠Cook as ⁠the ⁠iPhone maker gears ​up for an ​industry ⁠change spurred by ⁠artificial intelligence.

John Ternus, Apple's senior vice president of hardware engineering, has will be the new CEO as Tim Cook becomes executive chairman.

Apple names longtime hardware chief John Ternus CEO, with Tim Cook stepping aside to become executive chairman this fall.

Apple CEO Tim Cook is officially stepping down from his role on September 1, the company announced today, while current SVP of hardware engineering John Ternus will take over as the new CEO. Cook will transition to a new role as executive chairman of Apple’s Board of Directors.

Tim Cook, the executive who led Apple to become a $4 trillion company and defined its identity in the post-Steve Jobs era, is stepping down as CEO, Apple said on Monday.

Apple on Monday named John Ternus as its new CEO, effective Sept. 1. Ternus will take over from Tim Cook, who has led Apple for 15 years.

Ternus is currently Apple’s senior vice president of hardware engineering. His appointment will take effect Sept. 1, the tech giant said Monday. Cook will become executive chairman. Apple has named John Ternus,