Tim Cook becomes Apple executive chairman as John Ternus CEO
Business
Big news from Apple: Tim Cook is moving into the executive chairman after leading the company since 2011.
Starting September 1, John Ternus (the guy behind a lot of Apple's hardware) will become the new CEO.
Cook says it's the right moment for change and trusts Ternus to guide Apple into its future.
Tom Marieb to head hardware engineering
With Ternus shifting to CEO, Tom Marieb will now head up hardware engineering and report to Johny Srouji, who has been named chief hardware officer.
Both Cook and Ternus shared their excitement in memos to staff: Cook thanked everyone for their support, while Ternus called Marieb a dedicated leader who puts users first.
There will be a town hall at the Steve Jobs Theater so employees can ask questions about what's next.