Tim Cook to Step Down as Apple CEO After 15 Years, John Ternus Named Successor

Tue, 21 Apr 2026 03:51:00 +0200

Apple has announced that CEO Tim Cook will step down from his role in September 2026 after leading the company for 15 years. He will be succeeded by John Ternus, Apple’s senior vice president of hardware engineering, marking a significant leadership transition for one of the world’s most valuable companies. Cook will remain involved with Apple as executive chairman, ensuring continuity during the transition.

During Cook’s tenure, Apple experienced extraordinary financial growth, increasing its market capitalization from approximately $300 billion to around $4 trillion. The company’s stock rose by over 1,900%, significantly outperforming the broader S&P 500 index. Cook’s leadership followed the era of co-founder Steve Jobs, and he is widely credited with stabilizing and expanding Apple’s global operations, strengthening its supply chain, and driving consistent product and services revenue growth.

Incoming CEO John Ternus faces the challenge of guiding Apple through a period of technol