Apple has announced that John Ternus will succeed Tim Cook as Chief Executive Officer, effective September 1, 2026. Cook will transition to the role of Executive Chairman of Apple’s board of directors.
Cook, who has led Apple since 2011, will remain CEO through the summer to ensure a smooth handover. As Executive Chairman, he will continue to engage with policymakers globally.
Ternus, currently Apple’s Senior Vice President of Hardware Engineering, has been with the company since 2001. He played a central role in the development of the iPhone 17 lineup, iPhone Air, MacBook Neo, and advancements in AirPods hearing health features. He joined Apple’s executive team in 2021.
Under Cook’s tenure, Apple’s market capitalisation grew from approximately $350 billion to $4 trillion, with annual revenue rising from $108 billion in FY2011 to over $416 billion in FY2025. It will be interesting to see how Ternus moves the gigantic Apple ship forward. The company now operates in more than 200 countries and territories.
Separately, Apple also announced that Johny Srouji has been named Chief Hardware Officer.
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