Apple Says John Ternus Will Be New Ceo, Tim Cook To Step Aside Later This Year

Apple connected Monday named John Ternus arsenic its caller main executive officer, effective Sept. 1, and said that Tim Cook would return nan domiciled of executive chairman.

The modulation will extremity Cook's 15-year tally arsenic 1 of nan astir successful exertion CEOs successful modern history.

“It has been nan top privilege of my life to beryllium nan CEO of Apple and to person been trusted to lead specified an bonzer company," Cook said successful a news release.

"I emotion Apple pinch each of my being, and I americium truthful grateful to person had nan opportunity to activity pinch a squad of specified ingenious, innovative, creative, and profoundly caring group who person been unwavering successful their dedication to enriching nan lives of our customers and creating nan champion products and services successful nan world,” Cook said.

Tim Cook and John Ternus astatine Apple Park.Apple

“I americium profoundly grateful for this opportunity to transportation Apple’s ngo forward," incoming CEO Ternus said.

Ternus has worked astatine Apple since 2001, and nan institution said he was "instrumental" to merchandise lines specified arsenic nan iPhone and AirPods.

Under Cook's stewardship, Apple shares appreciated much than 1,700%.

Apple shares fell little than 1% successful after-hours trading connected Monday.

The CEO modulation is nan first since Apple named Tim Cook arsenic Steve Jobs' replacement for nan apical occupation successful 2011. Before becoming Apple's main executive, Cook served arsenic Jobs' right-hand man and was nan designer of Apple's world proviso chain.

During Cook's tenure, Apple launched aggregate successful updates to nan iPhone, Mac, Apple TV and different captious products. But successful caller years, Apple has struggled pinch nan take of artificial intelligence.

At nan extremity of 2025, its artificial intelligence main near nan company. Apple has besides delayed nan rollout of a much intelligent AI-powered Siri aggregate times.

However, erstwhile it came to different challenges specified arsenic dealing pinch nan Trump management and tariffs, Tim Cook successfully dodged galore of nan precocious duties while fostering a narration pinch Trump personally.