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Mark Gurman: Apple incoming CEO John Ternus brings back retired senior hardware executive as VP

Apple incoming CEO John Ternus is bringing back a retired senior hardware executive to serve on his new management team as a vice president, Bloomberg News reported. Mark Gurman posted on X about the appointment on Sunday. The move represents a rare case of an Apple executive returning to the company after retirement. The executive will join Ternus's new management team in a vice president role. Details about the executive's identity and specific responsibilities were not disclosed in the initial report. Ternus is set to take over as CEO following Tim Cook's planned departure.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from markgurman and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.

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Capital

Evertrue closes $17 million fund for early-stage European startups

Yvonne Bajela announced that Evertrue closed an oversubscribed $17 million first fund to invest in early-stage companies across the U.K. and Europe. The firm has already backed seven companies and will invest mainly in AI and fintech.

Capital AI
Capital AI

Conlio announces €6.4 million fundraise for European expansion

German freight software company Conlio announced a €6.4 million fundraise to expand its financial automation platform across Europe. Piton Capital led the financing, with participation from Haufe Group Ventures, WaVe-X, F-LOG Ventures and existing investors.