All articles tagged with #ceo transition
Adobe named Anil Chakravarthy its next president and CEO, replacing Shantanu Narayen, who will become executive chair. Chakravarthy will join the board and take the helm December 1; Narayen’s 18-year tenure ends as the company faces AI-disruption concerns and stock pressure, with David Wadhwani exiting.
A day-one brief outlines Apple’s immediate priorities under a new CEO, detailing hardware readiness and pricing, a pivot toward services despite EU app-store changes, ongoing AI/Siri development, privacy considerations around wearables, and a wave of leadership transitions amid scrutiny and investor expectations.
On Aug. 31, 2026, Tim Cook closes a 15-year era as Apple’s CEO, posting a heartfelt farewell on X; effective Sept. 1 he becomes executive chairman, with John Ternus, the current Senior Vice President of Hardware Engineering, taking over as CEO. Cook oversaw major launches like AirPods and the Apple Watch, led the shift to Apple Silicon, and presided over Apple’s rise to a trillion-dollar valuation, while Ternus’ first big moment will be Sept. 9, when Apple is expected to unveil the next iPhone lineup, including its first foldable device.
Tim Cook will step down as Apple’s CEO on September 1 after 15 years, with hardware chief John Ternus named his successor; Cook will remain executive chairman to assist with select duties, including policymaker engagement. Under Cook, Apple launched landmark products and achieved record revenue, leaving the company in a strong position as it enters this leadership transition.
Tim Cook is stepping down as Apple CEO today, remaining executive chair as John Ternus takes the helm on Sept. 1. Over his 15-year tenure, Apple grew from a roughly $350 billion company to a market cap above $4 trillion, powered by iPhone revenue growth, Services expansion, and a shift to Apple Silicon; the company remains focused on AI, with updates to Siri via Gemini and bets on future products like foldable iPhones and smart glasses.
Gap Inc. is replacing Old Navy’s chief Haio Barbeito with Michael Francis after another quarter of weak results, as Old Navy’s Q2 net sales fell 4% to $2.1 billion and comps dropped 4% due to slower traffic; the brand’s underperformance contrasts with stronger results from Gap and Banana Republic, prompting a planned leadership change described as a refresh effort, with Barbeito moving into an advisory role.
Dan Taylor will become Flutter's group chief executive on Oct. 1, 2026, succeeding Peter Jackson who will step down from the board on Sept. 30 and remain as adviser through year-end; Taylor, currently head of Flutter's International division, will also join Flutter's board, as the company aims to maintain growth momentum including FanDuel's sportsbook improvement plan.
In a Deadline interview, Tim Cook and incoming CEO John Ternus discuss Apple’s leadership transition, with Cook praising how it’s progressing and Ternus expressing excitement about taking the helm on September 1 while also highlighting Apple TV’s continued momentum.
Tim Cook delivered a farewell message at what is likely his last Apple keynote, reflecting on his tenure, praising developers and Apple’s tools, suggesting the best is still ahead, and announcing John Ternus will become CEO in September as Apple heads toward WWDC 2026.
As WWDC 2026 kicks off, Tim Cook is set to step down on September 1, making today’s keynote likely his final Apple event. To mark the moment, he released a star‑studded video riffing on his signature 'Good morning' intro with celebrities, ahead of the event's kickoff.
Apple plans to have incoming CEO Tim Ternus host the September foldable iPhone reveal, a calculated handover aimed at signaling a new hardware-led era. Ternus, who helped engineer the foldable, is framed to lead the stage with a focus on durability, performance, a less visible crease, and a horizontal display reminiscent of an iPad, following Tim Cook’s departure.
Best Buy named Jason Bonfig, a 27-year veteran and current chief customer, product and fulfillment officer, as CEO effective Oct. 31, succeeding Corie Barry, who will stay on as strategic advisor for six months. Bonfig helped drive merchandising, e-commerce and the company’s marketplace launch; the board says he is the right leader to accelerate growth as Best Buy pursues AI-enabled devices and higher profits, while maintaining its revenue and earnings guidance for the year.
Apple will appoint hardware chief John Ternus as CEO on September 1, with Tim Cook stepping down; Cook will continue as a key adviser and executive chairman of Apple’s board.
Apple named John Ternus, a 25-year veteran and head of hardware engineering, as its next chief executive to replace Tim Cook, who will become executive chairman and assist with the transition through the summer; analysts say the hardware-focused leadership could push Apple toward new products beyond the iPhone.
Disney completed a notably smooth CEO transition: Bob Iger stepped down after two tenures and over 50 years with the company, Josh D’Amaro was named the eighth CEO, and most top executives stayed in place, with an open, outsider-led search led by James Gorman guiding the process.