Apple CEO Tim Cook Stepping Down, John Ternus Taking Over
The leadership change follows a long-planned succession as Apple faces pressure to prove it can keep pace in artificial intelligence.
- On Monday, Apple announced that Senior Vice President of Hardware Engineering John Ternus will become Chief Executive Officer on September 1, 2026, with current CEO Tim Cook transitioning to executive chairman.
- Cook's 15-year tenure transformed Apple from approximately $350 billion to $4 trillion, representing more than 1,000% growth; the transition follows a thoughtful, long-term succession planning process.
- A 25-year Apple veteran, Ternus led hardware engineering for the Mac, iPad, and AirPods. Cook praised him as a "visionary" with "the mind of an engineer, the soul of an innovator."
- Shares fell less than 1% in after-hours trading following the announcement, as analysts noted pressure on Ternus to accelerate artificial intelligence integration against rivals Google and Meta.
- Ternus faces pressure to drive growth in new hardware categories including foldable devices and smart glasses, while Cook remains at Apple as executive chairman, focusing on global policy engagement.
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832 Articles
Tim Cook Steps Down as Apple CEO, John Ternus Takes the Reins
After nearly 15 years steering one of the most powerful tech companies on the planet, Tim Cook is officially stepping down as CEO of Apple Inc.. The company confirmed that John Ternus, currently senior vice president of hardware engineering, will take over the top job starting September 1. Cook isn’t disappearing though, he’ll transition into the role of executive chairman of Apple’s board.That new position will keep him very much in the mix, es…
Apple announced on Monday, April 21, that Tim Cook will leave the post of CEO on September 1, after 15 years in command of the company. John Ternus, current senior vice president of hardware engineering, will replace him as CEO.Cook, 65, will remain in Apple as executive chairman of the board of directors, replacing Arthur Levinson, who held that position for the past 15 years.The transition was unanimously approved by the board of directors and…
Apple prepares for new era after Tim Cook
Apple is entering a major transition after CEO Tim Cook announced he’s stepping down following 15 years at the helm of one of the world’s most influential tech companies. Cook will hand leadership to John Ternus, the company’s head of hardware engineering. It comes as Apple confronts big questions about its future. William Brangham discussed more with Rolfe Winkler of The Wall Street Journal.
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