Apple CEO Tim Cook to Step Down in September 2026, Succeeded by John Ternus
Cook to become executive chairman after 15 years as CEO; market cap grew from $350B to $4T under his leadership
En resumen
- Apple announced CEO Tim Cook will step down on September 1, 2026 and be succeeded by John Ternus, senior vice president of Hardware Engineering.
- Cook, who became CEO in 2011, will become executive chairman of the board.
- Under Cook's leadership, Apple's market capitalization grew from $350 billion to $4 trillion, with annual revenue nearly quadrupling.
Resumen generado por IA
Por qué importa
Tim Cook took over as Apple CEO in 2011 after Steve Jobs' resignation. Under his leadership, Apple became the world's most valuable company, with market cap growing from $350 billion to $4 trillion. John Ternus has been with Apple since 2001 and led hardware engineering since 2013, overseeing development of key product lines including iPad, AirPods, and multiple iPhone generations.
Chief Executive Officer of US technology giant Apple Tim Cook will step down from his post in the fall of 2026, and will be succeeded by John Ternus, Apple's head of hardware engineering, the company said. "Apple announced that Tim Cook will become executive chairman of Apple's board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple's next chief executive officer effective on September 1, 2026. The transition, which was approved unanimously by the Board of Directors, follows a thoughtful, long-term succession planning process," the statement published on the company's website said. Cook joined the company in 1998 and became CEO in 2011. Since then, Apple's market capitalization has grown from $350 billion to $4 trillion, while its annual revenue has nearly quadrupled. Ternus joined Apple in 2001 and became the vice president of hardware engineering in 2013. The company's statement notes that he played a key role in the launch of several major Apple product lines, including the iPad and AirPods, as well as multiple generations of iPhone, Mac and Apple Watch. Before joining Apple, Ternus studied mechanical engineering at the University of Pennsylvania and worked as an engineer at Virtual Research Systems.
Preguntas abiertas
- What specific responsibilities will Tim Cook have as executive chairman?
- How will this leadership change affect Apple's product strategy?
