Apple Names John Ternus as CEO; Tim Cook to Transition to Executive Chairman

Story Summary
Apple has announced a leadership succession plan effective September 1, 2026, appointing John Ternus, current senior vice president of Hardware Engineering, as the company’s new CEO. Tim Cook, who has led Apple since 2011, will transition to the role of executive chairman, where he will focus on global policy engagement. During Cook’s tenure, Apple’s market capitalization grew from approximately $350 billion to $4 trillion, with annual revenue rising to over $416 billion. Ternus, a 25-year Apple veteran, has been central to the development of the iPad, AirPods, and the transition to Apple-designed silicon. Arthur Levinson will step down as non-executive chairman to become lead independent director, while Ternus will join the board of directors as part of the transition.





