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Apple's hardware engineering leader John Ternus is emerging as a frontrunner to eventually succeed Tim Cook as CEO. Unlike speculation that Apple's next leader would need to pioneer a device beyond the smartphone, reports suggest Ternus may simply continue steering the iPhone business that remains Apple's core product.
Adobe announced that Anil Chakravarthy, currently president of its customer experience orchestration and worldwide field operations unit, will become the company's next president and CEO effective December 1. He replaces Shantanu Narayen, who is stepping down after leading Adobe for 18 years and will move into the role of executive chair to assist with the leadership transition.
On this week's 9to5Mac Happy Hour, hosts Benjamin Mayo and Chance Miller discuss John Ternus's initial days leading Apple and speculate on Tim Cook's continued involvement. They also cover last-minute rumors ahead of the iPhone event, including possible Apple Watch Series 12 health features, and note that Apple TV subscription pricing has risen for the second consecutive year.
Topicals, the skincare brand popular with Gen Z shoppers at Sephora, has named a new chief executive officer to run the company. Founder Olamide Olowe is stepping down from the CEO role, handing leadership to an executive who previously worked at Fenty Beauty.
Uber is cutting about 10 percent of its roughly 34,000-person workforce as part of a reorganization that removes management layers and merges overlapping teams. CEO Dara Khosrowshahi told staff the changes aim to reduce coordination overhead and speed up decision-making, while consolidating global teams primarily in New York and San Francisco. The company is also requiring most remote workers to relocate to an office and enforcing its three-day-a-week hybrid policy.
A resurfaced 1996 interview clip from Maryland Public Television's Wall Street Week shows Steve Jobs, then years away from returning to Apple, insisting the company's path forward was innovation rather than cost-cutting. The clip has recirculated online, shared by Patrick McGee, timed to news of Apple naming a new CEO.
Tim Cook has ended his 15-year run as Apple's chief executive, handing the role to John Ternus, who becomes only the third person to lead the company this century. In his final message to employees, Cook referenced Steve Jobs, echoing the same gesture he made in his first memo to staff when he took over as CEO.
John Ternus sent his first internal memo after officially becoming Apple's CEO, thanking outgoing chief Tim Ternus... rather Tim Cook for his guidance and years of leadership, and welcoming him into his new role as executive chairman. Ternus told staff a 'huge launch' is coming next week and hinted at further undisclosed products in development.
Tim Cook served his final day as Apple's CEO, sending employees a farewell memo reflecting on the company's culture and mission. John Ternus takes over as CEO starting the following day. Cook also posted a message of thanks to the broader Apple community on social media.
Businesses across sectors are recognizing that AI is not a one-time technology upgrade but an ongoing force reshaping roles, skills and team structures continuously. Executives are being urged to treat their workforce as a dynamic, ever-changing portfolio of capabilities rather than fixed headcount, using AI tools to track how work is shifting in real time.
Tim Cook has stepped down as Apple's chief executive, marking his final day in the role after leading the company for over a decade. In a farewell memo to employees, Cook expressed gratitude for their work and reflected on Apple's culture, though he noted he is not leaving the company entirely.
A leadership commentary argues that companies fixated on preventing turnover are asking the wrong question. Instead of chasing retention metrics or matching competitors' pay raises, the piece contends businesses should invest in developing employees, arguing this naturally builds a workplace culture people choose to stay in.