Apple has announced a significant leadership transition, with CEO Tim Cook set to step down on September 1, 2026. Cook will take on the role of executive chairman of the board, while John Ternus, the senior vice president of Hardware Engineering, will become the new CEO. This change follows a thorough succession planning process that received unanimous approval from Apple's board of directors.
Cook, who has been with Apple since 1998, expressed gratitude for his time as CEO, stating it has been the greatest privilege of his life. He will maintain involvement in select company matters, particularly in engaging with global policymakers, during his transition period with Ternus.
Having joined the company as senior vice president of worldwide operations, Cook became CEO in 2011, shortly before the passing of co-founder Steve Jobs. He has full confidence in Ternus, praising him as a visionary leader capable of steering Apple into its future.