Tim Cook steps down as Apple CEO; John Ternus takes over
From September 1, hardware engineering chief John Ternus becomes Apple's CEO and Tim Cook becomes executive chairman.
What happened
Apple announced that Tim Cook will become executive chairman, and John Ternus, senior vice president of Hardware Engineering, will become CEO effective September 1, 2026.
- Ternus will also join the board.
- Arthur Levinson becomes lead independent director.
Apple under Cook
Cook has been CEO since 2011.
| 2011 | Now | |
|---|---|---|
| Market value | ~$350 billion | ~$4 trillion |
| Annual revenue | $108 billion | over $416 billion (FY2025) |
Services also grew into a business of more than $100 billion.
What Cook said
"John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor."
Founder and editor-in-chief of Kurd Developers. Phone and tech news on YouTube, Instagram and TikTok.
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