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 Tim Cook today told employees he plans to be at Apple "for a long time" in his new role as executive chairman. Cook shared the information in an all-hands meeting detailed by Bloomberg.
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 Apple on Monday announced that Tim Cook will be stepping down as CEO, and some top leaders around the world have publicly commented on the news.
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Apple's current SVP of hardware engineering John Ternus will take over as the new CEO when Tim Cook steps down this September. Cook said in a statement: "It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company."
Following the death of co-founder Steve Jobs, Cook led the charge for Apple's post-iPhone and iPad era, launching the AirPods, Apple Watch and Vision Pro. He also turned the company into a service provider with the launch of Apple TV, Apple Music and several other subscription services. Cook will transition to a new role as executive chairman of Apple's Board of Directors.
Ternus joined Apple in 2001 and became VP of hardware engineering in 2013, later transitioning to a senior executive role in 2021. You might have spotted Ternus being prominently featured at the MacBook Neo launch a few months ago. Expect to see a lot more of him.
— Mat Smith
The other big stories this morning
DaVinci Resolve 21 hands-on: A viable Lightroom alternative for casual users
The Mandalorian and Grogu director used Apple Vision Pro to preview the film in IMAX
Palantir posted a manifesto that reads like the ramblings of a comic book villain
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