Technology

Tim Cook concludes tenure as Apple CEO, transitioning to executive chairman

John Ternus takes over executive leadership as Cook moves into a policy-focused chairman role.

Updated Sep 2, 2026 · 12:28 UTC6 reports

The short version

Tim Cook completed his final day as Apple CEO on August 31, 2026, officially handing leadership to John Ternus the following day.[9to5Mac · Slashdot]
Cook remains with Apple as executive chairman under a compensation package including a $2 million salary and $45 million in equity.[The Hollywood Reporter · 9to5Mac · The Guardian]
In his new post, Cook will focus on global policymaker engagement and maintaining the company's relationship with President Donald Trump.[Business Insider · The Guardian]

Tim Cook concluded his role as Apple CEO on August 31, 2026, with John Ternus officially succeeding him the following day.[9to5Mac · Slashdot]
Cook sent a farewell memo to Apple employees confirming he is transitioning to the executive chairman post rather than departing the firm.[9to5Mac]
As executive chairman, Cook receives a $2 million base salary alongside a $45 million equity award.[The Hollywood Reporter · The Guardian]
Cook's executive chair mandate focuses on global government engagement and managing ties with Donald Trump.[Business Insider · The Guardian]

Apple's market valuation at the end of Cook's 15-year tenure is reported variably as $4.6 trillion and about $4.7 trillion across sources.[Associated Press · The Guardian]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.