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After nearly 15 years as Apple CEO, Tim Cook is stepping down. He will continue to operate in the role until Sept. 1, when he will be replaced by John Ternus, the company’s senior vice president of hardware engineering.
Cook will not disappear from Apple. The company said Monday that he will transition to the board of directors as executive chairman, marking the end of an era for the technology giant.
Cook became CEO on Aug. 24, 2011, taking over from Apple co-founder Steve Jobs, who died two months later. Over his 15-year tenure, Apple refined its smartphone lineup from the iPhone 5 onward and expanded into new product categories and services.
Apple said Cook was known for improving the company’s supply chain and overseeing a period of record growth. During his time as CEO, Apple debuted products including the Apple Watch and HomePod, and launched services such as Apple Music, Apple TV Plus and Apple Fitness Plus.
Under Cook’s leadership, Apple became a trillion-dollar company in 2018—the first U.S. company to reach that milestone—and later surpassed $3 trillion in market capitalization in 2022.
“I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world,” Cook said.
John Ternus will replace Cook in September. Apple said Ternus has spent almost his entire career at the company. An engineer by trade, he joined Apple in 2001, became vice president of hardware engineering in 2013, and was named senior vice president in 2021.
Apple described Ternus as “instrumental in the introduction” of the iPad and AirPods. It also said he oversaw the company’s product lines up to the recent MacBook Neo.
This is a developing story.
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