Tim Cook to step down as Apple CEO, become Executive Chair; John Ternus named CEO

Apple Inc.

Tim Cook transitions from CEO to Executive Chair of Apple's Board effective September 1, 2026.
John Ternus (SVP Hardware Engineering) appointed CEO and Board member, effective same date.
Art Levinson, current Board Chair, becomes Lead Independent Director on September 1, 2026.
Ternus joined Apple in 2001; assumed current role in 2021; brings extensive technology leadership.
No family relationships or reportable transactions with Ternus; standard indemnification agreement.

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