Apple CEO Tim Cook is set to step down as CEO on September 1, succeeding John Ternus. This detail about this transition demonstrates that Apple can still keep important secrets under wraps. The Financial Times reported in November that Apple’s board and senior executives had intensified their succession planning, but a few days later, Bloomberg’�s Mark Gurman reported that this story was false. Despite this, Apple's CEO's transition will only take place on the actual date of the actual transition. The company's decision to replace Cook was kept under wraps throughout the weekend and into Monday, making it a striking feat for the company's secrecy track record.