Tim Cook To Stepdown As Apple CEO, John Ternus Named As Successor

Apple veteran Tim Cook will step down from his position as Chief Executive Officer (CEO), the company announced on Monday. The leadership transition, which is set to take place later this year, will see Cook hand over the reins to a senior executive within the company. The move, which the Cupertino-based tech giant claims was approved unanimously by the Board of Directors, marks one of the most significant leadership changes at Apple since Cook took over the position after the passing of Apple co-founder Steve Jobs in 2011. In a newsroom post, Apple announced that Tim Cook will take office as executive chairman of the board of directors. John Ternus, Senior Vice President of Hardware Engineering at Apple, will take over as CEO starting September 1, 2026. Cook will continue as CEO through the summer and work closely with Ternus to ensure a smooth transition, as per the company.