Tim Cook will step down as Apple CEO

Apple CEO Tim Cook will step down on September 1, 2026, and become executive chairman of the board.

He will be succeeded by John Ternus , senior vice president of hardware engineering, who will also join the company’s board of directors.

As noted in Apple’s press release, Cook will continue to serve as Acting CEO through the summer to ensure a smooth leadership transition. In his new role, he will focus, among other things, on government engagement.

Cook has led the company since 2011. During this time, Apple has grown significantly: its market capitalization has increased from approximately $350 billion to $4 trillion, and its annual revenue has nearly quadrupled.

Under his leadership, the company expanded its product line (including Apple Watch, AirPods, Apple Vision Pro) and significantly developed its services line, including iCloud , Apple Pay , Apple Music and Apple TV+ .

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