Apple has confirmed a historic leadership shift: Tim Cook will step down as CEO, with John Ternus set to take over the role starting September 1, 2026.

The decision follows what the company described as a long-term succession plan approved unanimously by its board. Cook, who has led Apple since 2011, will remain involved as executive chairman, ensuring continuity during the transition.

Ternus, currently Senior Vice President of Hardware Engineering, has been with Apple for over two decades and played a key role in developing major products including the iPhone, Mac, AirPods, and Apple Watch. His appointment signals a shift toward deeper engineering leadership at the top.

Under Cook’s tenure, Apple grew into a $4 trillion company, significantly expanding its global reach and product ecosystem. His leadership emphasized services, privacy, and sustainability.

The market reaction was relatively muted, with shares showing only minor movement after the announcement. Still, the transition marks one of the most significant moments in Apple’s modern history.

Source: https://deadline.com/2026/04/tim-cook-to-step-down-apple-ceo-1236866200/