John Ternus will become Apple’s next CEO effective on September 1, 2026. This transition marks a significant leadership change for the tech giant.
Tim Cook, who has led Apple since 2011, will step down from the CEO role and assume the position of executive chairman of Apple’s board of directors. This decision was approved unanimously by Apple’s Board of Directors.
Under Cook’s leadership, Apple saw remarkable growth. The company’s market capitalization soared from approximately $350 billion in 2011 to an astounding $4 trillion in 2026. Additionally, Apple’s yearly revenue increased from $108 billion in fiscal year 2011 to over $416 billion in fiscal year 2025.
Cook joined Apple in 1998. He has transformed the company into one of the most valuable brands globally. During his tenure, Apple expanded its workforce by over 100,000 employees and operates more than 500 retail stores worldwide.
Ternus joined Apple in 2001 and became senior vice president of Hardware Engineering in 2021. He played a crucial role in introducing multiple product lines, including the iPad and AirPods.
As of midday Tuesday, Ternus will also join the board of directors effective September 1, 2026. This dual role is expected to strengthen Apple’s leadership continuity.
Tim Cook expressed his gratitude for leading Apple: “It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company.” Meanwhile, Ternus stated he is “profoundly grateful for this opportunity to carry Apple’s mission forward.”
Details remain unconfirmed regarding any immediate changes that may accompany this leadership transition. Further developments are anticipated as the date approaches.
