“Apple Inc. Announces CEO Transition as Tim Cook Moves to Executive Chairman Role”

Tim Cook Steps Down as Apple CEO After 15 Years, John Ternus to Take Over Apple has announced a major leadership transition as CEO Tim Cook steps down after nearly 15 years at the helm, marking the end of a transformative era for the tech giant. Cook, who took over in 2011 following Steve Jobs, will officially hand over the role on September 1, 2026, to John Ternus, Apple’s senior vice president of hardware engineering. He will continue to remain associated with the company as Executive Chairman, ensuring continuity in leadership. During Cook’s tenure, Apple witnessed unprecedented growth, expanding from a company valued at around $350 billion to over $4 trillion, while significantly strengthening its product ecosystem and services division. He oversaw the launch of major innovations such as the Apple Watch and AirPods, and played a key role in expanding Apple’s global presence. The transition comes at a time when the company is preparing for future challenges, especially in artificial intelligence and next-generation technologies, with Ternus expected to lead Apple into its next phase of innovation and competition in the evolving tech landscape.