Tim Cook to step down as Apple CEO, succeeded by John Ternus

Tim Cook

John Ternus

Apple has announced that Tim Cook will become Executive Chairman of Apple’s board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple’s next CEO effective on 1 September 2026. 

The transition, which was approved unanimously by the Board of Directors, follows a thoughtful, long-term succession planning process, the company said in a statement.

Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition. As Executive Chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.

Tim Cook joined Apple in 1998. He became CEO in 2011 and has overseen the introduction of numerous products and services, including new categories like Apple Watch, AirPods, and Apple Vision Pro, and services ranging from iCloud and Apple Pay to Apple TV and Apple Music. He was also instrumental in expanding existing product lines. 

Under Cook’s leadership Apple has grown from a market capitalisation of approximately $ 350 billion to $ 4 trillion, representing a more than 1,000% increase, and yearly revenue has nearly quadrupled, from $ 108 billion in fiscal year 2011 to more than $ 416 billion in fiscal year 2025. 

The company has expanded its global footprint substantially, particularly in emerging markets; it is now in more than 200 countries and territories. Apple operates over 500 retail stores and has more than doubled the number of countries in which its customers can visit an Apple Store. During his tenure, Apple has grown by more than 100,000 team members and increased its active installed base to more than 2.5 billion devices.

Apple Services has been a major focus area of Cook’s, and during his tenure the category has grown to become a more than $ 100 billion business, the equivalent of a Fortune 40 company. Cook was also instrumental in creating the wearables category at Apple, which now includes the world’s most popular watch and headphones, and which has served as the foundation for Apple’s remarkable impact on the health and safety of its users. Under Cook’s leadership, Apple also transitioned to Apple-designed silicon, enabling the company to own more of its primary technology and deliver industry-leading gains in power efficiency and performance that directly benefit users across its products.

Cook has made Apple’s core values even more central to the company’s decision making and product development. Under his leadership, the company reduced its carbon footprint by more than 60% below 2015 levels during a period in which revenue nearly doubled. Cook, who has long advocated for privacy as a fundamental human right, has made privacy and security imperative at Apple, setting a standard for user protection that continues to set the company apart from the rest of the technology industry. He has also pushed for continued innovation in the accessibility space, believing that Apple products should be made for everyone. And he has made central to his leadership the notion that Apple should be a place where everyone can feel they belong and where everyone is treated with dignity and respect.

Ternus joined Apple’s product design team in 2001 and became a vice president of Hardware Engineering in 2013. He joined the executive team in 2021 as senior vice president of Hardware Engineering. Throughout his tenure at Apple, Ternus has overseen hardware engineering work on a variety of ground-breaking products across every category. He was instrumental in the introduction of multiple new product lines, including iPad and AirPods, as well as many generations of products across iPhone, Mac, and Apple Watch.

Ternus’s work on Mac has helped the category become more powerful and more popular globally than at any time in its 40-year history. That includes the recent introduction of MacBook Neo, an all-new laptop that makes the Mac experience even more accessible to more people around the world. This past fall, his team’s efforts were on full display with the introduction of a redefined iPhone line-up, including the incredibly powerful iPhone 17 Pro and Pro Max, the radically thin and durable iPhone Air, and the iPhone 17, which has been an incredible upgrade for users. Under his leadership, his team also drove advancements in AirPods to make them the world’s best in-ear headphones, with unprecedented active noise cancellation, as well as the capability to become an all-in-one hearing health system that can serve as over-the-counter hearing aids.

Ternus led much of the company’s focus in areas like reliability and durability, introducing new techniques that have made Apple products remarkably resilient. 

He has also driven much of Apple’s innovation in materials and hardware design that have reduced the carbon footprint of its products, including the creation of a new, recycled aluminium compound that has been introduced across multiple product lines, the use of 3-D printed titanium in Apple Watch Ultra 3, and innovations in repairability that have increased the lifespans of several Apple products.

Prior to Apple, Ternus worked as a mechanical engineer at Virtual Research Systems. He holds a Bachelor’s degree in Mechanical Engineering from the University of Pennsylvania. (Apple)