Apple just announced that Tim Cook will be stepping down as Apple CEO and will join the role of Executive Chairman of Apple’s board of directors. The next Apple CEO will be John Ternus, effective on September 1, 2026. He is currently the Senior Vice President of Hardware Engineering. Apple’s Board of Directors authorized this move unanimously.
Till September 1st 2026, Tim Cook will remain the CEO of Apple Inc., and will work alongside John Ternus, Apple’s upcoming CEO, to hand over the responsibilities.
Tim Cook says: “It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world,” “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”
In response to this, Apple’s upcoming CEO John Ternus said: “I am profoundly grateful for this opportunity to carry Apple’s mission forward,” said Ternus. “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor. It has been a privilege to help shape the products and experiences that have changed so much of how we interact with the world and with one another. I am filled with optimism about what we can achieve in the years to come, and I am so happy to know that the most talented people on earth are here at Apple, determined to be part of something bigger than any one of us. I am humbled to step into this role, and I promise to lead with the values and vision that have come to define this special place for half a century.”
Under Tim Cook’s leadership, the company’s market value grew from $350 billion to an astounding $4 trillion, with the yearly revenue going from $108 billion in 2011 to $416 billion in 2025. Tim Cook joined the company back in 1998, and 13 years later, he was named the CEO of Apple in 2011.
John Ternus joined Apple just a few years after Tim Cook in 2001, under Apple’s Product Design Team, after which he was promoted to the position of Vice President of Hardware Engineering in 2013. 8 years later, John was again promoted to the position of Senior Vice President of his department, which led to him joining the executive team at Apple.
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