Apple CEO Tim Cook To Step Down In September, John Ternus Will Take Over

Apple Inc. made a CEO modulation announcement aft Monday’s closing bell: Tim Cook volition measurement down arsenic CEO and modulation to the relation of enforcement chairman, portion John Ternus — presently elder vice president of Hardware Engineering — volition instrumentality implicit arsenic CEO.

Both changes instrumentality effect Sept. 1, 2026, pursuing a unanimous committee vote. Cook volition stay CEO done the summertime to guarantee a creaseless handoff.

“It has been the top privilege of my beingness to beryllium the CEO of Apple and to person been trusted to pb specified an bonzer company,” Cook said successful a statement.

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“I emotion Apple with each of my being, and I americium truthful grateful to person had the accidental to enactment with a squad of specified ingenious, innovative, originative and profoundly caring radical who person been unwavering successful their dedication to enriching the lives of our customers and creating the champion products and services successful the world,” Cook added.

Under Cook’s leadership, Apple’s marketplace headdress grew from astir $350 cardinal to $4 trillion, yearly gross astir quadrupled to implicit $416 billion, and the institution expanded to much than 200 countries.

He oversaw the motorboat of products similar Apple Watch, AirPods and Apple Vision Pro, the buildout of a services concern present worthy much than $100 billion, and a afloat modulation to Apple-designed silicon.

Cook applauded Ternus’ contributions to Apple and professed his utmost assurance successful his quality to pb the institution arsenic its adjacent CEO.

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“John Ternus has the caput of an engineer, the psyche of an innovator, and the bosom to pb with integrity and with honor. He is simply a visionary whose contributions to Apple implicit 25 years are already excessively galore to count, and helium is without question the close idiosyncratic to pb Apple into the future,” Cook said.

Ternus is simply a 25-year Apple seasoned who joined successful 2001 and has been a halfway unit down hardware engineering crossed iPhone, Mac, iPad and AirPods.

He was elevated to the enforcement squad successful 2021. Under his leadership, Apple has pushed boundaries successful merchandise design, durability, materials subject and proceeding wellness technology.

“I americium profoundly grateful for this accidental to transportation Apple’s ngo forward,” said Ternus.

Photo: Shutterstock

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