Tim Cook Steps Down as Apple CEO After 15 Years, John Ternus to Take Charge

After 15 years at the helm of Apple, Tim Cook has announced he will step down as Chief Executive, marking the end of a defining era for the tech giant.

The company confirmed that John Ternus, currently Senior Vice President of Hardware Engineering, will take over as CEO from 1 September. A long-time Apple insider with over 25 years at the company, Ternus has played a key role in shaping many of its flagship products.

Cook will remain in his position through the summer to ensure a smooth transition. Following that, he will move into the role of Executive Chairman, where he is expected to stay involved in select aspects of the business, including engagement with global policymakers. The leadership change comes after months of speculation about succession planning at Apple, which recently marked its 50th anniversary. Cook described his tenure as “the greatest privilege” of his life, reflecting on a period that saw the company reach unprecedented heights.

Under his leadership, Apple became the first publicly traded company to cross a $1 trillion valuation in 2018—a milestone that underscored its dominance in the global technology landscape. Today, the company’s valuation has climbed even further, cementing its position among the world’s most valuable enterprises.

As Apple prepares for this transition, the focus now shifts to how Ternus will carry forward the company’s legacy while navigating the next phase of innovation and growth.

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