Apple Leadership Transition: Tim Cook Steps Down, John Ternus Named New CEO
by : Ramit Sethi
Apple Inc. announced a significant leadership change with Tim Cook transitioning to executive chairman, and John Ternus, currently senior vice president of Hardware Engineering, taking over as CEO. The changes, effective September 1, 2026, follow a unanimous board vote, with Cook remaining CEO until then to ensure a seamless handover. This move marks a new era for Apple after Cook's remarkable tenure, which saw the company's market capitalization soar and product lines expand significantly.