… Evercore also noted that the executive team is familiar with Ternus and does not expect disruption from the change in leadership. "The board viewed this as an opportune time to execute the CEO transition given how well the company is doing." The interpretation centers on stability. …
… Technically not a retirement While Cook will be moving out of the CEO chair, this won& 039;t be a retirement for the executive, especially as he becomes the executive chairman. …
… "I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman." Ternus on being CEO, and his past at Apple Ternus emerged from the University of Pennsylvania in 1997, graduating with a ba… …
… The arrangement puts Ternus in charge while keeping Cook involved as an adviser and executive chairman. Their appearance at the premiere reinforced Apple's message that the transition is about continuity rather than an urgent change in direction. …
… That is why I have decided that now is the right time for me to transition to a new role of executive chairman. …
… Before Jennifer's transition at the end of October, we will announce our succession plan, and Jennifer will continue to be available to support the transition in an advisory role. …
… The call will cover fiscal second-quarter performance and include commentary from executives along with analyst questions.
… Tim Cook and Apple executives attend the event Cook attended the concert alongside Apple marketing chief Greg Joswiak, retail head Deirdre O& 039;Brien, and hardware engineering chief John Ternus. The executives watched the performance inside the Grand Central location with invited guests. …
… As part of Apple& 039;s transition plan, John Ternus is taking over as CEO, and Tim Cook is set to become the company& 039;s executive chairman. Meanwhile, the current non-executive chairman, Arthur Levinson, will assume a new position within Apple. …
… In recent years, we& 039;ve seen multiple executive transitions go over smoothly at Apple, and it appears the CEO one will be among the smoothest. …