Apple has announced that Tim Cook will step down as CEO after 15 years in the role, effective September 1, 2026. John Ternus, currently the Senior Vice President of Hardware Engineering, will take over the position.
The decision was unanimously approved by the company’s board of directors. Cook will continue to serve as CEO throughout the summer, working closely with Ternus to ensure a smooth transition.
In his new role as Executive Chairman, Cook will focus on specific areas of the company’s operations, including global political engagement. He expressed gratitude for his time at Apple, stating, “Being the CEO of Apple and having the trust to lead such an extraordinary company has been the greatest honor of my life. I love Apple with all my being and am deeply thankful for the opportunity to work with a team of brilliant, innovative, creative, and caring individuals who have consistently dedicated themselves to enriching our customers’ lives and creating the best products and services in the world.”
Cook praised Ternus, highlighting his engineering mindset, innovative spirit, and integrity. He described Ternus as a visionary whose contributions to Apple over the past 25 years are immeasurable, asserting, “He is undoubtedly the person who should lead Apple into the future. I have complete confidence in his abilities and character and look forward to working closely with him.”
Tim Cook will resign as Apple's CEO, with John Ternus set to succeed him on September 1, 2026. Cook will remain involved as Executive Chairman, aiding in the transition and focusing on key operational areas.
Source: NBC News