Apple Appoints John Ternus as New CEO, Tim Cook Transitions to Executive Chairman
Apple's Leadership Transition
File image of Apple's new CEO, John Ternus (Photo: X)
New Delhi, April 21: Apple Inc., the renowned American technology firm, has revealed that John Ternus, who currently serves as the senior vice president of hardware engineering, will take over as the chief executive officer starting September 1, 2026. This decision marks the conclusion of a lengthy succession planning process that received unanimous approval from the board.
Tim Cook, who has been at the helm of Apple since 2011, will transition to a newly established position as executive chairman. In this role, he will focus on engaging with global policymakers and addressing specific company matters.
Arthur Levinson, who has held the position of non-executive chairman for the past 15 years, will assume the role of lead independent director on the same date.
As part of this transition, Ternus will also join Apple's board of directors effective September 1.
In an official statement, Cook expressed, "It has been the greatest privilege of my life to be the CEO of Apple," commending Ternus for possessing "the mind of an engineer, the soul of an innovator, and the heart to lead with integrity."
At 50 years old, Ternus began his journey with Apple in 2001 as part of the product design team and climbed the ranks to become a senior vice president in 2021.
He has been instrumental in overseeing hardware engineering across Apple's diverse product lineup, contributing significantly to the development of the iPad, AirPods, and various generations of the iPhone and Mac.
Recently, his team introduced the ultrathin iPhone Air and the new MacBook Neo.
Ternus expressed his gratitude for the opportunity, stating, "I am profoundly grateful for this opportunity to carry Apple's mission forward," and mentioned feeling 'humbled' to take on this new role.
Under Cook's leadership, Apple's market capitalization surged from approximately $0 billion to $3 trillion, while annual revenues nearly quadrupled to exceed $366 billion.
Additionally, the company's services division now generates over $80 billion annually.
Previously, Cook had dismissed rumors regarding his potential departure, labeling them as 'a rumor' and reaffirming his dedication to leading the company. In a discussion on ABC News, he stated he has no intention of slowing down.
"No, I did not say that. I have not said that. That is a rumor going around," he clarified when questioned about speculation suggesting he might step back from his position.