Market
Apple CEO Tim Cook To Step Down In September, John Ternus Will Take Over
YahooApr 21, 2026
Apple Inc. made a CEO transition announcement after Mondayβs closing bell: Tim Cook will step down as CEO and transition to the role of executive chairman, while John Ternus β currently senior vice president of Hardware Engineering β will take over as CEO. Both changes take effect Sept. 1, 2026, following a unanimous board vote. Cook will remain CEO through the summer to ensure a smooth handoff. βIt has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lea