Apple CEO Tim Cook is stepping down

Published: Monday, April 20, 2026 at 8:42 pm

Apple CEO Tim Cook to Step Down, John Ternus to Take Helm

Apple is undergoing a significant leadership transition. CEO Tim Cook will step down from his role, to be succeeded by John Ternus, currently the senior vice president of hardware engineering. The changeover is scheduled for September 1st, 2026. Cook will transition to the role of executive chairman of Apple's board.

Cook will remain as CEO through the summer, working closely with Ternus to ensure a seamless transition. As executive chairman, Cook will focus on specific aspects of the company, including engaging with global policymakers.

In a press release, Cook expressed his deep appreciation for his time as CEO, highlighting the privilege of leading Apple and his gratitude for the team's dedication. He praised Ternus as the ideal successor, citing his engineering expertise, innovative spirit, and integrity. Cook expressed confidence in Ternus's ability to lead Apple into the future and looks forward to collaborating with him during the transition.

Ternus expressed his gratitude for the opportunity to lead Apple, acknowledging his mentors, Steve Jobs and Tim Cook. He emphasized his optimism for the future and his commitment to upholding the values and vision that have defined Apple for decades.

In a related move, Apple has appointed Johny Srouji, previously the senior vice president of hardware technologies, as the company's chief hardware officer, effective immediately. Srouji will oversee Hardware Engineering, previously managed by Ternus, along with the hardware technologies organization.

BNN's Perspective:

The transition at Apple marks the end of an era, but the choice of John Ternus, a long-time insider, suggests a commitment to continuity and innovation. While Cook's departure is significant, the planned transition period and the appointment of Srouji indicate a well-considered succession plan. This approach should reassure investors and consumers alike.

Keywords: Apple, Tim Cook, John Ternus, CEO, Executive Chairman, Hardware Engineering, Johny Srouji, Leadership Transition, Succession, Technology, Business, Corporate News

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