John Ternus has officially taken over as Apple’s CEO, succeeding Tim Cook, who moves into the role of Executive Chairman. Ternus, who previously served as Apple’s Senior Vice President of Hardware Engineering, brings extensive experience in overseeing the development of major Apple products and hardware technologies. The leadership transition marks a significant change at one of the world’s most valuable technology companies. Ternus is expected to lead Apple’s next phase of product development and innovation while continuing the company’s focus on hardware, software and emerging technologies. Tim Cook’s move to Executive Chairman will allow him to remain involved with Apple at the board level while handing day-to-day leadership to Ternus.