Apple Names John Ternus as New CEO, Tim Cook to Step Down in September

Apple announced on Friday that Tim Cook will step down as CEO after 15 years, with John Ternus set to take over on September 1, 2026. Cook, who succeeded Steve Jobs in 2011, will remain in his role through the summer to manage the transition and then become executive chairman.

The company described the succession as planned, highlighting Ternus's 24 years at Apple and his leadership in hardware engineering. Multiple sources confirmed the details of the announcement, which occurred today, May 2, 2026. Ternus, 51, has overseen development of key products including iPhone and iPad generations, Mac, Apple silicon, Apple Watch, and AirPods.

Apple stated that Ternus's product-focused expertise aligns with the company's needs in the current tech landscape.

Cook joined Apple in 1998 and became CEO in August 2011, following Jobs's resignation due to health issues. The transition to Ternus marks the first CEO change in 15 years, with Cook expressing gratitude for his time leading the firm.

“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," — Tim Cook, May 2, 2026 (SawyerMerritt). Ternus has been with Apple for 25 years, rising to senior vice president of hardware engineering. Sources noted his hands-on approach with development teams and his calm, reliable demeanor, similar to Cook's style. Apple emphasized that the succession was planned for a long time, with rumors of Cook's potential departure circulating recently.”

Ternus inherits Apple at a time of rapid advancements in artificial intelligence. Apple has incorporated technologies like OpenAI's ChatGPT and Google's Gemini into its operating systems, opting for partnerships rather than fully proprietary AI development.

Sources indicated that Apple has faced criticism for a measured approach to AI, contrasting with competitors like Google, Meta, and Microsoft, who have invested heavily in the sector. One source highlighted Apple's strategy of moving slowly and strategically, which has succeeded with products like the iPhone in 2007.

However, recent launches, such as the Vision Pro VR headset, have not met expectations, arriving years after rivals and at a higher price point. Ternus will need to address AI integration in devices, particularly wearables, to maintain competitiveness.

The announcement comes amid other tech industry developments, but Apple's leadership change stands out due to the company's influence. Cook has navigated political challenges, including relations with the U.S. government under President Trump, such as tariffs affecting manufacturing in China.

Apple has shifted some production away from China but remains partially reliant on it. Ternus, described as a former swimming champion, may face diplomatic navigation with the current administration, known for its policies on trade and tech. Sources noted Cook's politically neutral stance, including donations to Trump's inauguration fund and gifts during his term.

Apple's approach to diversity was mentioned, with the company yet to appoint a woman as CEO, despite Cook's past statements on the lack of women in tech. The firm, like many in the sector, continues to address gender representation in leadership.

Jobs was known for innovation but also for a challenging management style, while Cook focused on operations and stability. Ternus is expected to continue a steady leadership style, emphasizing product development. Sources provided anecdotes of Cook's interest in hardware, such as his fascination with a vintage audio recorder during an interview.

Ternus, in a recent meeting, praised Cook's leadership without confirming succession rumors. The transition occurs as Apple positions itself in emerging areas like AI embodiment in robots, though no specific plans were announced. Analysts noted Apple's defensive strategy in AI, avoiding over-deployment of capital amid concerns of an AI bubble.

Apple's global workforce stands at 166,000, according to a 2025 SEC filing. The company did not provide immediate details on potential changes to strategy under Ternus, but emphasized continuity in innovation and operations.