Tim Cook to become Apple Executive Chairman
Apple • • business
Key Points:
- Tim Cook will transition from CEO to executive chairman of Apple’s board effective September 1, 2026, with John Ternus, senior vice president of Hardware Engineering, succeeding him as CEO after a long-term succession plan approved unanimously by the board.
- Cook will remain CEO through the summer to ensure a smooth transition and will focus on company aspects such as global policy engagement in his new role as executive chairman.
- John Ternus, with over 25 years at Apple and instrumental in developing key products including iPad, AirPods, and Mac, expressed commitment to leading Apple with the company’s core values and vision.
- Arthur Levinson, Apple’s non-executive chairman for 15 years, will become lead independent director, while Ternus will join the board as CEO, highlighting continuity in leadership.
- Under Cook’s tenure since 2011, Apple’s market capitalization grew from $350 billion to $4 trillion, with significant expansion in product categories, services, global presence, and a strong emphasis on privacy, sustainability, and accessibility.
