Business

Tim Cook To Step Down As Apple CEO

Apple has announced a major leadership transition, with Tim Cook set to step down as chief executive officer on September 1, 2026, and John Ternus named as his successor. Cook will remain with the company as executive chairman, marking the biggest change at the top of Apple since he took over from Steve Jobs in 2011.

Tim Cook To Step Down As Apple CEO

The transition will take effect from September 1, when John Ternus, currently Apple’s senior vice president of Hardware Engineering, will take charge as Apple’s next CEO. Cook’s move will end a nearly 15-year run as chief executive during which Apple expanded its services business, strengthened its wearables portfolio and remained one of the world’s most valuable companies.

John Ternus Named New Apple Chief Executive

Ternus has been one of Apple’s most prominent hardware leaders and currently oversees engineering across major product lines including iPhone, iPad, Mac, Apple Watch, AirPods and Vision Pro. He joined Apple in 2001 and has long been seen as a possible successor because of his central role in product development and internal leadership.

Apple Leadership Transition Set For September

Cook will stay on as executive chairman after stepping down as CEO, suggesting that Apple is planning a structured and closely managed handover rather than a sudden break. The leadership change comes at a time when the company is under pressure to show stronger momentum in artificial intelligence and future product strategy, making the transition especially significant for investors and the wider technology industry.

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