Apple CEO Tim Cook to Step Down on Sept 1, 2026; John Ternus to Succeed
Apple CEO Tim Cook will step down on September 1, 2026, with John Ternus taking over as CEO and Cook becoming executive chairman. Cook will also serve as a special government liaison. In the latest quarter, Apple reported revenue of $109 billion, exceeding the company's total revenue in Cook's first year as chief executive.
Apple's current chief executive, Tim Cook, will formally step down on September 1. Cook said his achievements would be judged by others, but that he personally hopes to best be remembered as a "kind and upright person." Starting September 1, John Ternus will assume the role of Apple's chief executive, while Cook will become the company's executive chairman.
After relinquishing the CEO position, Cook will continue to handle related matters as Apple's special government liaison.
During the company's most recent earnings call, Apple reported quarterly revenue of $109 billion, a single-quarter figure that exceeded the company's total annual revenue for the first year Cook served as chief executive.