Tim Cook to step down as Apple CEO, John Ternus to take over
Tim Cook will transition from CEO to executive chairman at Apple. John Ternus, who has a background in design and products, will assume the CEO role. (sources: abcnews, dw, france24, bbc, cbsnews)
Tim Cook is stepping down as CEO of Apple after nearly 15 years, with John Ternus set to succeed him. Cook will become executive chairman.
- Tim Cook has led Apple for nearly 15 years.
- John Ternus has focused on design and products at Apple.
- Cook's tenure saw Apple's market value increase significantly.
Why it matters
This leadership change comes as Apple prepares for shifts in the technology industry, particularly related to artificial intelligence.
↓ Why this is on ModernAction
2 bills on this issue are moving right now — and the most active one is Open App Markets Act.
S2153 · 119th Congress
Open App Markets Act
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What S2153 actually does
This story is about Tim Cook transitioning to executive chairman and John Ternus becoming Apple CEO. This bill would require more user choice around app stores and limit conduct by large app-store operators.
If passed, it would:
- Require more default and installation choices for app stores • Restrict certain practices by very large app-store operators that disadvantage developers.
1 other bill moving on this issue
Take action on any of them individually.
This story is about Tim Cook transitioning to executive chairman and John Ternus becoming Apple CEO. This bill would require covered mobile OS/app-store operators to allow more default and installation choices for users.
If passed, it would
- Force app-store operators to permit alternative installation pathways • Reduce ability of a dominant app store to block competing distribution options.