Apple has announced a major leadership change, with CEO Tim Cook set to step down and John Ternus taking over the role, marking a significant transition for the company after more than a decade under Cook’s leadership.

The transition has been in progress behind the scenes for some time, but is now entering a public phase. It is expected to be finalized later this year.

As part of the shift, Cook will move into the position of executive chairman of Apple’s board, while Ternus, who currently serves as senior vice president of hardware engineering, will assume the role of chief executive officer. Following Ternus’s move, Johny Srouji will expand his responsibilities, and Tom Marieb will also take on a more direct role within the company.

The leadership change is scheduled to take effect on September 1, 2026, when Ternus officially replaces Cook as CEO. In the interim, Srouji and Marieb are stepping into their expanded roles immediately to support the transition.

Apple confirmed the leadership change in an official Newsroom announcement, stating that the board unanimously approved the move following a long-term succession planning process.

Cook will remain in his position as CEO through the summer, working closely with Ternus to ensure a smooth handover. In his new role as executive chairman, Cook is expected to focus on select company matters, including engagement with policymakers around the world—a role that reflects his experience in global relations over the past decade.

In a statement included in the announcement, Cook reflected on his tenure and expressed confidence in his successor.

“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world,” said Cook. “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”

Ternus also issued a statement, expressing gratitude and outlining his vision for the company’s future.

“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” said Ternus. “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor. It has been a privilege to help shape the products and experiences that have changed so much of how we interact with the world and with one another. I am filled with optimism about what we can achieve in the years to come, and I am so happy to know that the most talented people on earth are here at Apple, determined to be part of something bigger than any one of us. I am humbled to step into this role, and I promise to lead with the values and vision that have come to define this special place for half a century.”

Cook has led Apple since 2011, when he succeeded Steve Jobs, who passed away later that year.

During Cook’s leadership, Apple’s market value has grown dramatically, rising from under $350 billion to approximately $4 trillion.

He has overseen every iPhone release since the iPhone 4S, along with the introduction of major products and services including the Apple Watch, AirPods, Apple Pay, Apple Vision Pro, and the company’s transition from Intel processors to its own Apple silicon in Mac computers.

Cook also expanded Apple’s services division, driving significant growth in the App Store and launching platforms such as Apple Maps, Apple Music, and Apple TV, further reshaping the company’s business model.

{Matzav.com}