US Edition
Apple CEO Tim Cook Stepping Down, John Ternus Taking Over
The board approved a long-planned succession as Cook shifts to policy-focused duties and Ternus takes over amid Apple’s push to catch up in artificial intelligence.
- On Monday, Apple announced that John Ternus, senior vice president of Hardware Engineering, will become chief executive officer effective September 1, 2026, while Tim Cook transitions to executive chairman.
- Under Cook, who took the role in 2011, Apple's market capitalization grew from approximately $350 billion to $4 trillion, representing a more than 1,000% increase, with yearly revenue reaching more than $416 billion in fiscal year 2025.
- Ternus, who joined Apple's product design team in 2001, has overseen hardware engineering across multiple product lines including iPhone, Mac, and Apple Watch throughout his tenure.
- Cook will remain CEO through summer to work closely with Ternus on the transition, while Arthur Levinson, Apple's non-executive chairman for the past 15 years, becomes lead independent director on September 1, 2026.
- Apple shares fell over 1% on Monday following the announcement, as Ternus joins the Board of Directors on September 1, 2026 amid the risks and uncertainties inherent in executive succession planning.
409 Articles
409 Articles
Tim Cook, Apple CEO of 2011, will be replaced by John Ternus, the head of the hardware engineering department, at the head of the company. In his mandate, he led Apple to become one of the most valuable in the world, becoming in 2018 the first public company valued at $1 trillion. Article Tim Cook leaves Apple CEO after 15 years. Whoever will replace him first appears on Romania TV.
John Ternus: Steering Apple's Legacy with Pragmatic Vision
John Ternus: Steering Apple's Legacy with Pragmatic Vision John Ternus, Apple’s newly appointed CEO, is set to define the future of the tech giant with a pragmatic approach to AI that focuses on extraordinary products rather than mere technology.Ternus, a long-time Apple veteran, will follow in Steve Jobs' footsteps, emphasizing product quality with minimal distractions from competition pushing aggressive AI advancements.Amidst surging AI compet…
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
