Tim Cook Steps Down as Apple CEO, Transitions to Executive Chairman

SummaryApple has announced a major leadership transition: Tim Cook will step down as CEO and become Executive Chairman of the Board of Directors, effective September 1, 2026John Ternus, currently the Senior Vice President of Hardware Engineering, has been unanimously selected by the Board to become Apple’s next CEOArthur Levinson will transition from his 15-year role as non-executive chairman to lead independent director, and Ternus will also join the board of directorsApple announced today a mo...