Apple CEO Tim Cook Stepping Down, John Ternus Confirmed as New Apple CEO
7 hours ago
- #CEO transition
- #Apple leadership change
- #Tim Cook legacy
- Tim Cook will step down as Apple CEO after 15 years, with his last day being August 31, 2026.
- John Ternus, currently senior vice president of Hardware Engineering, will become Apple's new CEO starting September 1, 2026.
- Cook will transition to the role of executive chairman of Apple's board, focusing on areas like global policy engagement.
- The CEO transition was approved unanimously by the Board of Directors after long-term succession planning.
- Under Cook's leadership, Apple's market cap grew from under $350 billion to $4 trillion, with key product launches and a shift to Apple silicon.
- Ternus, with 25 years at Apple, expressed gratitude and optimism, noting mentorship from Cook and Steve Jobs.