John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026.
Adam Gray | Bloomberg | Getty Images
Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.
Ternus, a senior vice president of hardware engineering, will join Apple’s board of directors when he becomes chief. Apple’s non-executive chairman Arthur Levinson will become the iPhone-maker’s lead independent director on that date.
“Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition,” Apple said in a press release.
It’s the first CEO transition for Apple since Cook succeeded Steve Jobs at the helm in 2011, shortly before Jobs’ death.
“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,” Cook said in a statement. “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, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world.”
Apple’s market cap increased by roughly 24-fold on Cook’s watch, closing on Monday at $4 trillion.
During his almost 15-year tenure, Cook oversaw Apple’s jump into wearable technology, with the rollout of the Apple Watch, AirPods and the virtual reality headset Vision Pro, which has struggled to find market adoption since its release in 2024.
Ternus, who’s about 15 years younger than Cook, has been Apple’s hardware boss and has worked at Apple for about half his life, joining just four years after he graduated from the University of Pennsylvania with a degree in mechanical engineering. He’s been widely viewed as next in line, with recent profiles in The New York Times and Bloomberg. His portfolio has included oversight of the hardware engineering teams behind the iPhone, iPad, Mac, Apple Watch, AirPods and Vision Pro.
Experts told CNBC some of Apple CEO’s biggest challenges involve an increasingly complex supply chain due to geopolitical tensions, the Trump administration’s tariffs and a memory crunch tied to soaring demand for AI chips. Popal called the memory issue “bigger than the pandemic and tariffs.”
Dipanjan Chatterjee, an analyst at Forrester, said if the Cook era “has been about operational excellence and expansion,” the next decade “will be turbulent for Apple because there’s been so much change in how consumers interact with technology, particularly with generative AI.”
Ben Bajarin said Ternus would is “definitely more engineer-operator type CEOs and I think the market is happy about what they could bring back to product leadership.”
This is breaking news. Please refresh for updates.
WATCH: Apple executives Johnny Srouji and John Ternus on its growing chip business.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.Apple names John Ternus as CEO to replace Tim Cook, who will become chairman NYT News Today.
Hence then, the article about apple names john ternus as ceo to replace tim cook who will become chairman was published today ( ) and is available on NY Times News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Apple names John Ternus as CEO to replace Tim Cook, who will become chairman )
Also on site :