John Ternus will become the next chief executive officer of Apple effective September 1, 2026. This transition marks a significant change for the company, as it is the first CEO transition since Tim Cook succeeded Steve Jobs in 2011. Cook will continue in his role as CEO through the summer to ensure a smooth handover.
Under Cook’s leadership, Apple experienced tremendous growth. The company’s market capitalization surged from approximately $350 billion to $4 trillion during his tenure. Yearly revenue nearly quadrupled — from $108 billion in fiscal year 2011 to over $416 billion in fiscal year 2025. Cook’s strategic vision led to the introduction of multiple successful updates across key products like the iPhone and Mac.
Cook will assume the role of executive chairman of Apple’s board of directors on September 1, 2026. Arthur Levinson will step into the position of lead independent director on the same date. This leadership change reflects a broader strategy for Apple as it navigates challenges in artificial intelligence integration.
Ternus joined Apple in 2001 and became vice president of Hardware Engineering in 2013. He has overseen hardware engineering work on numerous groundbreaking products across every category. His extensive experience positions him well to lead Apple into its next chapter.
During his time at Apple, Ternus has contributed significantly — marking 25 years with the company by the time he becomes CEO. His focus will likely center on product innovation, which is crucial as Apple faces increasing competition and technological challenges.
Cook expressed gratitude for his time at the helm: “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.” Ternus also conveyed his appreciation, stating, “I am profoundly grateful for this opportunity to carry Apple’s mission forward.”
Levinson praised Cook’s leadership: “Tim’s unprecedented and outstanding leadership has transformed Apple into the world’s best company.” This endorsement highlights the respect Cook commands within Apple’s leadership circles.
Details remain unconfirmed regarding how Ternus will implement changes or strategies upon taking office. The tech industry will be watching closely for developments as Apple transitions into this new phase under Ternus’s guidance.
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