Tim Cook handed over the role of Chief Executive Officer to John Ternus on September 1, 2026, ending a tenure that saw Apple's stock gain 2,275%. Cook shifted to Executive Chairman while Ternus received a compensation package worth approximately $58 million for fiscal 2027.
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Apple Inc.’s Tim Cook told employees that he’ll miss the role of chief executive officer but has “enormous comfort” in the leadership of his replacement, John Ternus.
Apple Inc.’s Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets.
With John Ternus beginning his role as Apple Inc. chief executive officer this week, another mainstay from the Tim Cook era is dropping his late-career responsibilities.
Apple Inc. said that new Chief Executive Officer John Ternus will get a compensation package worth about $58 million in fiscal 2027, while Tim Cook’s role as executive chairman will pay around $47 million.
Today marks a significant transition for Apple as John Ternus steps into the role of Chief Executive Officer. Tim Cook has gracefully shifted to the position of Executive Chairman after his impactful tenure. In his inaugural remarks, Ternus lauded Cook's visionary leadership and conveyed enthusiasm for the future innovations set to debut, bringing attention to an upcoming launch event and apprecia