Apple
said on Monday that John Ternus is succeeding
Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.
Ternus, a senior vice president of hardware engineering, will join Apple's board of directors when he becomes chief. Apple's non-executive chairman Arthur Levinson will become the iPhone maker's lead independent director at that time.
"Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition," Apple said in a
press release...