In a vague sense, yes, but in a specific sense, no.
The stockholders do not make design decisions but only elect the board of directors. The board of directors do not make design decisions but only elect the CEO. The former CEO Steve Jobs did make design decisions, but the current CEO Tim Cook appears not to make design decisions, delegating that to subordinates. Alan Dye is Vice President of Human Interface Design at Apple. He does make design decisions; indeed that's in his job title. Dye previously reported to Jeff Williams, COO, but Williams just retired, so it's unclear who Dye reports to now. In any case, Dye is likely the person at Apple who has the final say on design decisions.