Management ChangeApr 20, 2026, 05:32 PM
Apple: Tim Cook to Executive Chair, John Ternus Appointed New CEO
AI Summary
Apple Inc. announced a significant leadership transition, effective September 1, 2026. Tim Cook will step down as Chief Executive Officer to assume the role of Executive Chair of the Board of Directors. John Ternus, currently Senior Vice President of Hardware Engineering, has been appointed as the new Chief Executive Officer and a member of the Board. Current Board Chair Art Levinson will transition to Lead Independent Director.
Key Highlights
- Tim Cook to transition from CEO to Executive Chair, effective September 1, 2026.
- John Ternus appointed CEO and Board member, effective September 1, 2026.
- Art Levinson to become Lead Independent Director on September 1, 2026.
- John Ternus, 50, joined Apple in 2001 and was SVP of Hardware Engineering.