MAM
American Express Bank appoints Sanjay Khanna as India’s chief executive officer
New Delhi: American Express Banking Corp. (AEBC) has appointed Sanjay Khanna as the chief executive officer & country manager of India.
In his new role, Khanna will be responsible to head the country’s executive team and for driving growth across the organisation’s consumer and commercial businesses.
He will also spearhead several strategic and business development initiatives for the company while steering smooth collaboration across its diverse businesses in India. His position will be key to advancing and strengthening the company’s strategic focus in India.
Speaking on the appointment, American Express international card services executive vice president Rob McClean stated, “I am pleased to welcome Sanjay to this new role. With over 30 years of experience in the industry, Sanjay has exceptional credentials of delivering strong results coupled with a natural knack for leading from the front. We are confident that his commitment to excel in everything he does, his strong values and work ethics will further the brand’s leadership in the Indian market.”
Detailing his appointment, Khanna, said, “India is undoubtedly one of the fastest growing economies of the world, characterized by its ever-expanding consumer base, evolving lifestyle and spending needs. As a premium payment solution brand, American Express has a definitive competitive edge in providing high-quality service. My role will be to further enhance the quality and service culture through premium products, service, and solutions to meet the ever-growing needs of the affluent population in India. I am extremely happy to take on this new role with American Express – one of the world’s most trusted and respected service brands.”
In his previous roles Khanna has held many leadership positions in the company including head of global financial operations, India centre lead for finance and chairman of the American Express India Pvt Ltd (AEIPL) legal entity board.
He has also led large-scale enterprise projects, multiple business transformation initiatives and established a number of centers of excellence.
Brands
Apple CEO Tim Cook to step down after 15 years, John Ternus to take over
Leadership shake-up sees long-time hardware chief step up from September
CUPERTINO: Apple has confirmed that chief executive officer Tim Cook will step down from his role and transition to executive chairman, with senior vice president of hardware engineering John Ternus set to take over as CEO from September 1, 2026.
The transition, approved unanimously by the board, marks a carefully planned leadership shift at one of the world’s most valuable companies. Cook will remain CEO through the summer, working closely with Ternus to ensure a smooth handover before moving into his new role, where he will continue to support Apple and engage with policymakers globally.
In a memo to employees, Apple CEO Tim Cook reflected on his 15-year tenure, recalling the moment Steve Jobs asked him to step into the role. “It was an emotional and challenging moment for all of us at Apple,” he wrote, adding that the company’s core values, from simplicity and innovation to a commitment to improving lives, remain unchanged.
Explaining his decision, Cook said the company’s strong roadmap and future outlook made this the right time for a transition. “I have never been more optimistic about Apple’s future,” he noted, while announcing Ternus as his successor. He described Ternus as “a visionary in his own right” with “remarkable integrity” and the right leader to guide Apple into its next phase.
Cook said, “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honour.”
Ternus, in his own note to employees, struck a steady, execution-focused tone. Ternus said, “It has been such a privilege to lead the hardware engineering team… I still plan to be very hands-on,” signalling continuity rather than a strategic reset.
As part of the leadership reshuffle, Ternus will step away from leading hardware engineering, with Tom Marieb taking over the role. Marieb will report to Johny Srouji, who assumes an expanded position as chief hardware officer, aligning hardware development more closely with Apple’s silicon and technology teams.
Cook also used his memo to thank employees, calling them “the most remarkable people in the world” and crediting them for building Apple into what it is today. A town hall has been scheduled at the Steve Jobs Theater to discuss the transition further.
The leadership change also sees Arthur Levinson move to the role of lead independent director, while Ternus joins Apple’s board.
Cook’s tenure has been defined by massive growth and expansion, with Apple’s market value rising from around $350 billion in 2011 to $4 trillion, alongside the launch of new product categories and a booming services business. Ternus, a 25-year Apple veteran, has played a central role in shaping the company’s hardware roadmap, from iPhone and Mac to newer innovations in materials and sustainability.
The transition signals a generational shift, but not a dramatic change in direction. If anything, both memos point to continuity, discipline and a belief that Apple’s next chapter will be built on the same values that shaped its last.
