John Ternus Named Apple CEO

Apple's Board of Directors unanimously approved Tim Cook's transition to Executive Chairman and John Ternus's appointment as CEO as part of a long-planned succession. The effective date is September 1, 2026.

Cook will remain in the CEO role through the summer, working with Ternus on the handover, and will afterward support select company matters and engagement with policymakers around the world. Arthur Levinson will transition to Lead Independent Director, and Ternus will also join the Board on the same day.

Ternus currently serves as Senior Vice President of Hardware Engineering, and since joining Apple in 2001 has been involved in the hardware engineering of core products including iPad, AirPods, iPhone, Mac, and Apple Watch.

During Cook's tenure, Apple has:

• Grown to a market capitalization of $4 trillion
• Achieved annual revenue of over $416 billion
• Expanded its active installed base to over 2.5 billion devices
• Driven the transition to Apple Silicon and expanded its services business

With this appointment, Apple states its intention to continue product-centered leadership and values-driven management.