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Mon, 20 Apr 2026

Mon, 20 Apr 2026 Apple names new chief executive to replace Tim Cook

John Ternus will take over running the technology giant as Cook steps up to become executive chairman.

* John Ternus, current head of hardware engineering at Apple, has been named as the company's new CEO.
* Tim Cook will step down as CEO after 15 years and become executive chairman.
* The transition is expected to be completed on September 1st.
* Cook will assist with certain aspects of the company, including engaging with policymakers around the world, following his departure from the CEO role.
* Apple has valued Ternus as a "visionary" executive who can lead the company into the future.
* During his tenure at Apple, Cook oversaw the company's growth to become one of the most valuable in the world, with a four-fold increase in yearly profit and a massive expansion in products sold globally.
* However, analysts have noted that Apple has faced criticism for being slow to innovate and develop new products, particularly in the area of artificial intelligence (AI).
* The appointment of Ternus is seen as an opportunity for Apple to emerge from its "innovation fatigue" and focus on developing new products and technologies.
* Cook will retain a role at Apple, but his departure as CEO marks the end of an era for the company.