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Apple CEO Tim Cook Stepping Down, John Ternus Taking Over
The board unanimously approved the succession as Cook stays on to oversee policy engagement and Ternus takes over after 25 years at Apple.
- 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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Power shift ahead: after fifteen years at the helm, Tim Cook will be replaced by an executive of the house, John Ternus. ...
The head of the US technology company Apple, Tim Cook, gives up his position after about 15 years. John Ternus, the former head of hardware, is at the head of the company.
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