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Apple Appoints John Ternus CEO As Tim Cook Steps Into New Role

Apple’s New Chapter

After 15 years under CEO Tim Cook, Apple is entering a leadership transition with the appointment of John Ternus as chief executive, effective September 1. Ternus, currently senior vice president of hardware engineering, takes charge of one of the world’s most valuable companies at a time of rising expectations around artificial intelligence and product innovation.

A Lifetime Dedicated to Apple

At 51, Ternus brings 25 years of experience to Apple. He joined the company in 2001 as part of the product design team and advanced steadily through engineering leadership roles. By 2013, he was appointed vice president of hardware engineering, before being promoted to senior vice president in 2021. His appointment reflects Apple’s preference for long-term internal leadership, with only a small number of CEO transitions over the past decades.

Precision and Passion: Ternus’ Early Impact

Early career experience at Apple was shaped by a strong focus on product detail and engineering discipline. In a commencement speech at the University of Pennsylvania, Ternus recalled inspecting components during a supplier visit for the Apple Cinema Display, highlighting a culture where even minor details are closely scrutinized. This attention to precision became a defining characteristic of his leadership approach.

Iconic Projects and Legacy of Craftsmanship

Throughout his tenure, Ternus has contributed to major hardware initiatives, including AirPods, Apple Watch, Vision Pro, and the transition to Apple silicon. His involvement in product development reflects a focus on balancing performance, design, and manufacturing efficiency. References to Steve Jobs’ emphasis on unseen details continue to influence engineering priorities within Apple’s hardware teams.

Leading Through Innovation and Humility

As CEO, Ternus is expected to balance continuity in product design with new strategic priorities, particularly in artificial intelligence and emerging hardware categories. In a 2024 commencement speech, he emphasized the importance of combining confidence with openness to learning, a perspective that aligns with Apple’s collaborative engineering culture.

Beyond the Boardroom

Outside of his executive role, Ternus has maintained a relatively low public profile. His background includes participation in collegiate athletics and early engineering projects, including assistive technology development during his university years.

Looking Ahead

Ternus’ appointment marks a leadership shift as Apple navigates increasing competition in AI and evolving consumer expectations. His experience in hardware engineering and long tenure within the company position him to guide Apple’s next phase of product and technology development.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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