On April 20 (local time), Apple announced a major leadership change: Effective September 1, 2026, John Ternus, Senior Vice President of Hardware Engineering, will succeed Tim Cook as CEO, with Cook transitioning to Executive Chairman of the Board. Ternus, who joined Apple in 2001, has spearheaded hardware engineering innovations for core products such as iPhone, Mac, and AirPods, while driving material advancements to reduce carbon footprint. Since Cook took the helm in 2011, Apple's market value has surged from $350 billion to $4 trillion, marking the end of his 15-year tenure with this personnel shift.
