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In late April, Apple made a significant announcement regarding a change at its helm. On the morning of April 21, Beijing time, following the close of the U.S. stock market, Apple revealed that its current CEO, Tim Cook, would step into the role of executive chairman of the board. Meanwhile, John Ternus, the vice president of hardware engineering, will assume the position of CEO effective September 1. This decision has received the board's approval, with Apple emphasizing that it stems from long-term succession planning, a practice common in corporate governance to ensure a smooth transition and continuity in leadership. (In Western corporate culture, having a well-thought-out succession plan is crucial for the stable development of a company, and this move by Apple aligns with such principles.)
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