Tim Cook officially announces departure from Apple leadership

Tim Cook has officially announced he will step down as Apple’s CEO on September 1, 2026, marking the end of a transformative era for the tech giant. He is set to be succeeded by John Ternus, the company’s current Senior Vice President of Hardware Engineering, while Cook will transition to the role of Executive Chairman of the Board. Since taking the helm in 2011, Cook has led Apple to unprecedented financial success, overseeing its growth to a historic $4 trillion market valuation.