Apple has announced a major leadership transition, confirming that Tim Cook will step into the role of Executive Chairman of its Board of Directors, while long-time hardware leader John Ternus will become the company’s next Chief Executive Officer. The change will come into effect on 1 September 2026 and follows what the company described as a carefully planned and unanimous succession process.
Cook will continue as CEO through the summer, working closely with Ternus to ensure a seamless transition. In his new position, he will remain actively involved in the company, particularly in engaging with global policymakers and guiding key strategic areas.
A legacy of transformation under Tim Cook
Reflecting on his tenure, Cook described leading Apple as the greatest privilege of his life, expressing deep gratitude towards the teams that have shaped the company’s innovation and global impact. He also voiced strong confidence in Ternus, calling him a visionary leader with the integrity and capability to guide Apple into its next phase.
Cook’s leadership has been nothing short of transformative. Since becoming CEO in 2011, he has overseen Apple’s rise from a market value of around $350 billion to nearly $4 trillion. Revenue has grown significantly, while the company has expanded its presence to more than 200 countries and territories.
During this period, Apple introduced new product categories such as Apple Watch, AirPods, and Apple Vision Pro, while strengthening its services ecosystem, including iCloud, Apple Pay, Apple TV, and Apple Music. The company’s installed base has surged to over 2.5 billion active devices, and its workforce has grown by more than 100,000 employees.
Cook also placed a strong emphasis on sustainability, privacy, and accessibility. Apple has reduced its carbon footprint by over 60 percent compared to 2015 levels, while continuing to position privacy as a fundamental user right.
Also Read: India Economic Growth to Hit 6.4% in 2026 Despite Global Pressures: UN Report
John Ternus set to lead next chapter of Apple
John Ternus, who currently serves as Senior Vice President of Hardware Engineering, brings more than two decades of experience within Apple. Having joined the company in 2001, he has played a key role in shaping several of its most iconic products across iPhone, Mac, iPad, and wearables.
In his statement, Ternus expressed gratitude for the opportunity and acknowledged the influence of both Steve Jobs and Tim Cook on his journey. He highlighted his commitment to carrying forward Apple’s mission and leading with the values that have defined the company for decades.
Ternus has been instrumental in advancing Apple’s hardware innovation, including the transition to Apple-designed silicon and improvements in product durability, sustainability, and performance. His leadership has also contributed to the continued growth and global popularity of the Mac, as well as advancements in AirPods and iPhone technologies.
Alongside the leadership reshuffle, Arthur Levinson, who has served as non-executive chairman for 15 years, will transition to the role of Lead Independent Director. Ternus will also join Apple’s Board of Directors from September 2026.
With this transition, Apple signals a new chapter that blends continuity with fresh leadership, as one of the world’s most influential technology companies prepares for its next phase of innovation and growth.
