A big change at Apple! John Ternus named new CEO!

As Chairman of the Board, Cook will support several aspects of the company's operations, including engaging with decision-makers around the world. Arthur Levinson, who served as Apple's non-executive CEO for the past 15 years, will assume the role of Lead Independent Director on September 1, 2026. Ternus will join the Board of Directors on September 1, 2026.

Tim Cook joined Apple in 1998. He became CEO in 2011 and oversaw the launch of numerous products and services, including new categories like the Apple Watch, AirPods, and Apple Vision Pro, as well as services ranging from iCloud and Apple Pay to Apple TV and Apple Music. He also played a key role in expanding existing product lines. Under Cook's leadership, Apple's market capitalization grew from approximately $350 billion to $4 trillion, a growth of more than 1,000%, and annual revenue nearly quadrupled, from $108 billion in fiscal 2011 to more than $416 billion by fiscal 2025. The company significantly expanded its global presence, particularly in emerging markets. It now operates in over 200 countries and territories. Apple operates over 500 retail stores and more than doubled the number of countries where customers can visit an Apple Store. During his tenure, the Apple team expanded by more than 100,000 members, and the number of active devices grew to over 2.5 billion. Apple Services was Cook's primary focus, and during his tenure, the category grew to over $100 billion, equivalent to a Fortune 40 company. Cook also played a key role in establishing Apple's wearables category, which now includes the world's most popular watches and headphones. Under his leadership, the company reduced its carbon footprint by more than 60 percent compared to 2015 levels, a period during which revenue nearly doubled.

Ternus joined Apple's product design team in 2001 and became vice president of hardware engineering in 2013. He joined the leadership team in 2021 as senior vice president of hardware engineering. During his time at Apple, Ternus oversaw the engineering of a range of products across every category. He played a key role in the introduction of numerous new product lines, including the iPad and AirPods, as well as multiple generations of iPhone, Mac, and Apple Watch products. Ternus's work on the Mac has helped the category become more powerful and popular globally than ever in its 40-year history. For example, the recent launch of the MacBook Neo, a completely new laptop that makes the Mac experience even more accessible to more people around the world. This fall, his team's efforts were on full display with the launch of a redefined iPhone lineup, including the iPhone 17 Pro and Pro Max, iPhone Air, and iPhone 17. Under his leadership, the team also introduced improvements to the AirPods. He was also a driving force behind many of Apple's innovations in materials and hardware design that reduced the carbon footprint of the company's products, including: the creation of a new, recycled aluminum compound that has been incorporated into multiple product lines, the use of 3D-printed titanium in the Apple Watch Ultra 3, and repairability innovations that extended the lifespan of numerous Apple products. Prior to joining Apple, Ternus worked as a mechanical engineer at Virtual Research Systems. He holds a bachelor's degree in mechanical engineering from the University of Pennsylvania.