Apple’s CEO Tim Cook is set to become Executive Chairman effective from 1 September 2026, with John Ternus moving into the CEO position from senior vice president of Hardware Engineering.
The transition follows a “thoughtful, long‑term succession planning process” and was, unanimously approved by the board. Cook will continue to serve as CEO through the summer, working closely with Ternus to ensure continuity.
Ternus has spent more than two decades at Apple and currently oversees hardware engineering across core product lines, including iPhone, iPad, Mac and wearables.
The shares were down 0.6% in pre-market trading.
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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