Apple Announces Tim Cook to Step Down as CEO, John Ternus to Succeed in September

Apple announced that Tim Cook will step down as chief executive officer on September 1, with John Ternus taking over the role. Cook, who has led the company since 2011, will remain involved as executive chairman. The transition comes as Apple faces competition in artificial intelligence and seeks new hardware breakthroughs.

Ternus, 50, has served as senior vice president of hardware engineering and has been with Apple for 25 years. He has overseen development of products including the iPhone, Mac, AirPods, and Vision Pro headset. The company stated that Ternus will lead Apple into its next phase, emphasizing innovation in hardware.

Cook, 65, succeeded Steve Jobs in 2011 and guided Apple through significant growth. Under his leadership, the company's valuation increased from about $300 billion to $4 trillion. Apple expanded its product ecosystem, launching items such as AirPods and Apple Watch, and became the first publicly traded firm to reach $1 trillion in valuation.

In his new role as executive chairman, Cook will assist with aspects including engaging with policymakers around the world. The announcement was made on April 20, according to USA Today.

“Leading Apple as ‘the greatest privilege of my life’.”

Ternus joined Apple in 2001 and has worked under both Cook and Steve Jobs. He has been involved in major product lines, including the shift to in-house silicon for Macs and the development of AirPods. In a 2023 CNBC interview, Ternus highlighted Apple's in-house technologies as key to innovation.

Brian Tong, host of the Apple Bitz podcast, described Ternus as a natural successor who has been groomed for the role. Tong noted that Ternus understands Apple's evolution and faces pressure to deliver breakthroughs in areas like foldable phones, wearable glasses, or AI.