John Ternus will be CEO of Apple when Tim Cook steps down this fall

Apple CEO Tim Cook is officially stepping down from his role on September 1, the company announced today , while current SVP of hardware engineering John Ternus will take over as the new CEO. Cook will transition to a new role as executive chairman of Apple’s Board of Directors. The company says the move was “approved unanimously” by Apple’s Board, and that Cook will work on transitioning his duties over the summer. “It has been the greatest privilege of my life to be the CEO of Apple and to hav