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Apple CEO Tim Cook Stepping Down, John Ternus Taking Over
- 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.
830 Articles
830 Articles
Apple announced on Monday, April 21, that Tim Cook will leave the post of CEO on September 1, after 15 years in command of the company. John Ternus, current senior vice president of hardware engineering, will replace him as CEO.Cook, 65, will remain in Apple as executive chairman of the board of directors, replacing Arthur Levinson, who held that position for the past 15 years.The transition was unanimously approved by the board of directors and…
Apple prepares for new era after Tim Cook
Apple is entering a major transition after CEO Tim Cook announced he’s stepping down following 15 years at the helm of one of the world’s most influential tech companies. Cook will hand leadership to John Ternus, the company’s head of hardware engineering. It comes as Apple confronts big questions about its future. William Brangham discussed more with Rolfe Winkler of The Wall Street Journal.
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The New York LedgerWho is John Ternus, Apple’s next CEO?
LONDON (AP) — Apple's next CEO John Ternus is a company veteran who rose through the iPhone maker's hardware engineering ranks but until now has maintained a low profile. Ternus will take over as chief executive in September for Tim Cook, who turned Apple into a $4 trillion tech colossus during his 15-year run after the death of co-founder Steve Jobs. Ternus faces challenges that will force him to step out of his comfort zone in hardware enginee…
Apple names next leader in landmark company transition
CUPERTINO, California — Apple announced a leadership transition Monday, naming longtime executive John Ternus as its next chief executive officer while Tim Cook prepares to step into a new position as executive chairman of the board. The changes are set to take effect Sept. 1.
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