Apple CEO Tim Cook lower of the position effective September 1, 2026. As long rumored, Senior Vice President of Hardware Engineering John Ternus will become Apple’s new CEO.
While Cook will no longer serve as CEO, he will remain with the company in a different capacity as executive chairman.
“As CEO, Cook will help with certain aspects of the company, including interacting with policymakers around the world,” Apple says.
In a statement, Cook offered the usual positive words about his time as CEO:
It has been the greatest privilege of my life to be the CEO of Apple and to have been entrusted to lead such an extraordinary company. I love Apple with all my being and I am so grateful to have had the opportunity to work with such a resourceful, innovative, creative and deeply caring team of 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.
Ternus added his own statement in the announcement: “I am honored to take on this role and promise to lead with the values and vision that have come to define this special place for half a century.”
