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The 65-year-old Cook will turn over CEO duties to Apple's head of hardware products, John Ternus, on September 1 while remaining involved with the Cupertino, California, company as executive chairman.
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Apple's corner office has been a seat from which executives like Steve Jobs changed how we interact with technology.
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Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.
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John Ternus, a low-profile but influential executive at Apple, could be next in line to replace the company's longtime chief executive, Tim Cook, if he steps aside.
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