Bloomberg Surveillance

Apple named hardware chief John Ternus as the iPhone maker’s next leader, with Chief Executive Officer Tim Cook shifting to the role of executive chairman.

Ternus, 50, will become CEO on Sept. 1, the company said in a statement Monday. The Apple veteran was head of hardware engineering since 2021 and has spent 25 years focused on product development at the iPhone maker. Bloomberg News previously reported that Ternus was Cook’s heir apparent.

Ternus’s hardware engineering division will be taken over by longtime deputy Tom Marieb, according to a person with knowledge of the matter. He will report to newly named Chief Hardware Officer Johny Srouji. In that role, Srouji is gaining oversight of a newly combined hardware engineering and hardware technologies group.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Bloomberg News Senior Executive Editor for Global Technology Tom Giles
Bloomberg Intelligence Global Tech Research Head Mandeep Singh
See omnystudio.com/listener for privacy information.

Featuring:
Dr. Ellen Wald, Senior Fellow at the Atlantic Council
Sadek Wahba, Chairman & Managing Partner at I Squared Capital Advisors
Claudia Sahm, Chief Economist at New Century Advisors
See omnystudio.com/listener for privacy information.

The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Paul Sweeney & Alexis ChristoforousMonday, April 20th, 2026
Featuring:
1) Isabelle Mateos y Lago, Group Chief Economist at BNP Paribas, discusses how global policymakers are positioning against geopolitical risk.
2) Stephen Parker, Co-Head of Global Investment Strategy at JPMorgan Private Bank, talks earnings resilience and Fed policy expectations.
3) Heidi Crebo-Rediker, Senior Fellow for Geoeconomics at the Council on Foreign Relations, examines the state of play in the Strait of Hormuz.
4) Matt Wrzesniewsky, Head of Fixed Income Client Portfolio Management at Vanguard, on credit spreads and carry strategies.
See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.
In this episode, we feature our conversations with Wells Fargo’s Darrell Cronk & Amy Wu Silverman of RBC Capital Markets.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Featuring:
Republican Congressman from Arkansas, French Hill
Rick Rieder, CIO: Global Fixed Income at BlackRock Financial Management
Steven Cook, Senior Fellow: Middle East & Africa Studies at the Council on Foreign Relations
See omnystudio.com/listener for privacy information.