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5h ago

Apple Names John Ternus CEO as Tim Cook Transitions to Executive Chairman

Investors signaled continuity with a slight share dip.

The incoming and outgoing Apple CEOs.
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John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026. Apple Inc. this week unveiled a slate of new products, including the $599 MacBook Neo - its first true low-end laptop - and the iPhone 17e. The company also announced updated versions of the MacBook Pro, MacBook Air, Studio Display and iPad Air. Photographer: Adam Gray/Bloomberg via Getty Images
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Overview

  • Apple, which announced the handover Monday, said John Ternus will become CEO on September 1, 2026, and Tim Cook will stay through summer before moving to executive chairman.
  • The board approved the transition unanimously after what Apple described as a long-term succession process.
  • Governance changes will move Arthur Levinson to lead independent director and expand Johny Srouji’s remit into a chief hardware officer role.
  • Ternus is a 25-year Apple veteran who led hardware work on iPhone, Mac, iPad, Apple Watch, AirPods, and recent launches such as MacBook Neo and the iPhone 17 lineup.
  • Apple shares fell less than 1% after the news, and Ternus now faces pressure to speed AI features and navigate antitrust and broader regulatory scrutiny.