Apple Inc. has announced a major leadership transition, with Chief Executive Officer Tim Cook set to step down on September 1, 2026, after nearly 15 years at the helm. He will be succeeded by John Ternus, the company’s senior vice president of hardware engineering.
According to multiple reports, Apple confirmed that Cook will move into the role of executive chairman following his departure as CEO, marking the end of an era that saw the company grow into a $4 trillion technology giant.
In a statement reflecting on his tenure, Cook described his time leading Apple as “the greatest privilege of my life,” adding, “I love Apple with all of my being.”
Apple’s board has approved the succession plan, with Ternus—long seen as a key internal candidate—taking over leadership of the company. He is expected to steer Apple through its next phase, particularly as the company faces increasing pressure in artificial intelligence and product innovation.
“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” Ternus said, according to company communications cited in reports.
Cook’s leadership is widely credited with transforming Apple’s global scale and profitability, expanding its product ecosystem and services business, and strengthening its supply chain operations. Under his tenure, Apple’s market value surged from hundreds of billions to several trillion dollars.
However, analysts note that his departure comes at a critical moment as Apple works to strengthen its position in the rapidly evolving AI landscape. Investor reactions have been muted, suggesting confidence in Apple’s long-standing internal succession strategy.
John Ternus, a 25-year Apple veteran, now assumes responsibility for guiding one of the world’s most valuable companies into its next technological chapter.