New Delhi, Aug. 31 -- The era of Tim Cook, who transformed Apple from a hardware-focused technology company into a global services and ecosystem powerhouse, is set to come to an end as he steps down as the company's CEO on 1 September 2026, after serving in the role for 15 years.

He will transition to the position of executive chairman, while John Ternus will take over as the company's next chief executive. The transition, which was unanimously approved by the Board of Directors earlier this year, follows what Apple described as a thoughtful, long-term succession planning process.

Widely regarded as an operations and supply-chain expert, Cook oversaw a period of significant expansion at Apple. When Steve Jobs named Tim Cook as his succe...