Apple has announced that CEO Tim Cook is stepping down.
The tech giant revealed the leadership shakeup today, plotting a course for Cook to leave his position after 15 years in the role. Senior vice president of hardware engineering John Ternus will take over as CEO September 1, 2026.
Cook will continue to lead Apple through the summer to ensure a smooth transition process following the decision, which was unanimously approved by the company’s board of directors. He will then become executive chairman of its board of directors.
"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,” Cook said in a statement. “I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world."
He continued: "John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman."
Cook first joined Apple in 1998 and has helped bring products like Apple TV, Apple Music, Apple Watch, and more to market in the years since. While also serving as the face of the iPhone company, it has grown by more than 100,000 employees and added to its installed base by more than 2.5 billion devices.
Ternus’ career path at Apple follows a similar trajectory, as he joined in 2001 before assuming his position as vice president of hardware engineering in 2013. The company says he was instrumental in products like the iPad and AirPods, while also helping to make the Mac what it is today. Most recently, his work at Apple saw him aiding with the launch of the iPhone 17 line, as well as the iPhone Air.