This announcement answers long-standing questions about Apple's CEO successor Tim Cook, 65 years old. He will become the executive chairman of the board of directors when he leaves the position of CEO of Apple.
Being CEO of Apple and being trusted to lead such a extraordinary company is the greatest privilege in my life" - Tim Cook shared.
Tim Cook joined Apple in 1998, progressed through levels and helped promote the company's success as CEO, coordinating the complex supply chain of the iPhone manufacturer.
He became CEO of Apple in 2011 after co-founder and legendary leader Steve Jobs left due to health problems.
Tim Cook is credited with expanding Apple's product line and raising the company's value to about 4 trillion USD based on the company's stock value.
Tim's excellent and unprecedented leadership has turned Apple into the best company in the world. His integrity and values are imbued in every operation of Apple," said outgoing chairman of the board Arthur Levinson.
Mr. Levinson is holding the position of chairman of the board of directors in a non-executive role. After Tim Cook replaces him, Levinson will become the leading independent director of the board of directors.
Apple's upcoming CEO Ternus joined Apple's product design team in 2001 and became senior vice president of hardware engineering for the next two decades.
Apple noted that he played an important role in many products including iPhone, iPad, Apple Watch and Mac computers.
I am extremely grateful for this opportunity to continue Apple's mission. Having spent almost my entire career at Apple, I am fortunate to work under the leadership of Steve Jobs and have Tim Cook as my mentor" - Ternus said.
This year, Apple celebrates its 50th anniversary in the context of artificial intelligence challenging the Silicon Valley legend to prove that the company can bring a different cultural change.
Steve Jobs, an ambitious marketing genius, and Steve Wozniak, the inventor of the Apple computer, revolutionized the way people use technology in the Internet age.
These two men have changed the way people use computers, listen to music and communicate while moving, creating a lifestyle revolving around smartphone apps.
Apple's hit products - Mac, iPhone, Apple Watch and iPad - are still enthusiastically welcomed by fans, long after the early days of establishing the company on April 1, 1976 in Steve Jobs' garage in Cupertino, California.
