Apple Announces CEO Transition: Tim Cook Stepping Down, John Ternus to Take Over in 2026
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Summary
Apple CEO Tim Cook is stepping down after leading the company for 15 years, with hardware engineering chief John Ternus set to take over as CEO on September 1, 2026. Cook will transition to chairman of the board and continue to assist with certain company aspects including policy engagement. The announcement marks a significant leadership transition at one of the world's most valuable companies, with Ternus bringing extensive hardware engineering experience to the CEO role.
Key quotes
· 3 pulledApple CEO Tim Cook is stepping down as Apple's chief executive officer, and hardware engineering chief John Ternus is set to take over, Apple announced today.
Cook will continue on as Apple CEO through the summer, with Ternus set to join Apple's Board of Directors and take over as CEO on September 1, 2026.
Cook is going to transition to chairman of the board at Apple, and he will 'assist with certain aspects of the company, including engaging with policymakers around the world.'
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