John Ternus is now the CEO of Apple. This transition marks a significant leadership change at the tech giant.
Tim Cook will become executive chairman of Apple’s board of directors. Cook has led Apple since 2011.
Under his leadership, Apple’s market capitalization soared from $350 billion to $4 trillion. Additionally, annual revenue increased from $108 billion in fiscal year 2011 to over $416 billion in fiscal year 2025.
The Board of Directors approved this transition unanimously. Ternus has spent 25 years at Apple, joining in 2001.
He was promoted to senior vice president of Hardware Engineering in 2021. Ternus has overseen engineering for groundbreaking products across every category.
He expressed gratitude for his new role, stating, “I am profoundly grateful for this opportunity to carry Apple’s mission forward.”
Arthur Levinson will become Apple’s lead independent director on September 1, 2026. Levinson praised Cook’s leadership, calling it unprecedented and transformative.
Cook described his time as CEO as a privilege and acknowledged the trust placed in him. He emphasized the extraordinary nature of leading such a company.
Ternus will also join the board of directors effective September 1, 2026. His extensive experience positions him well for this leadership role.
Details remain unconfirmed regarding any immediate strategic changes under Ternus’s leadership.
