Tim Cook to become Apple Executive Chairman. John Ternus to become CEO
7 hours ago
- #Tim Cook succession
- #Apple leadership change
- #John Ternus CEO
- Tim Cook will transition from CEO to Executive Chairman of Apple's board of directors effective September 1, 2026, as part of a planned succession process.
- John Ternus, currently Senior Vice President of Hardware Engineering, will become Apple's new CEO on September 1, 2026, bringing over 25 years of experience at Apple.
- Under Cook's leadership since 2011, Apple's market capitalization grew from about $350 billion to $4 trillion, revenue nearly quadrupled, and the company expanded globally with over 2.5 billion active devices.
- Cook emphasized values such as privacy, accessibility, and environmental sustainability, reducing Apple's carbon footprint by over 60% since 2015 while nearly doubling revenue.
- Ternus has been instrumental in developing key products like iPad, AirPods, and recent iPhone models, focusing on innovation, durability, and reducing product carbon footprints.
- Arthur Levinson, the current non-executive chairman, will become lead independent director, while Ternus will join the board of directors on September 1, 2026.