John Ternus will become Apple CEO effective September 1, 2026. This transition marks a significant leadership change for the tech giant. Tim Cook will step down from his role after nearly 15 years. He will assume the position of Executive Chairman of Apple’s board of directors.
Tim Cook has been at the helm since 2011. Under his leadership, Apple’s market capitalization soared from approximately $350 billion to $4 trillion. This growth is remarkable and reflects the company’s success during his tenure.
John Ternus joined Apple in 2001 and has played a crucial role in its hardware engineering division. Before this appointment, he served as Senior Vice President of Hardware Engineering. His work includes overseeing groundbreaking products that have defined the company’s innovation trajectory.
The Board of Directors approved this transition unanimously. Arthur Levinson will take on the role of lead independent director starting September 1, 2026. Tim Cook will remain involved with certain aspects of the company in his new role.
Tim Cook expressed gratitude for his time as CEO. “It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” he stated.
John Ternus shared his enthusiasm for the new role, saying, “I am profoundly grateful for this opportunity to carry Apple’s mission forward.” His experience at Apple positions him well for this leadership challenge.
Apple operates over 500 retail stores globally and continues to innovate in various sectors. The company reported $416 billion in revenue for fiscal year 2025, up from $108 billion in fiscal year 2011 — a clear indication of its growth under Cook’s leadership.
Details remain unconfirmed regarding how Ternus will steer Apple’s future direction. Observers expect further developments as he prepares for this pivotal role.