Apple CEO Tim Prepare dinner is stepping down, with the corporate asserting on Monday that John Ternus will take his place as the top of the know-how big.
Prepare dinner will turn into the manager chairman of Apple’s board of administrators, the corporate mentioned. Ternus will formally turn into CEO on Sept. 1.
“It has been the best privilege of my life to be the CEO of Apple and to have been trusted to steer such a unprecedented firm,” Prepare dinner mentioned in a press release on Monday.
John Ternus, senior vp of {hardware} engineering at Apple Inc., throughout an Apple occasion in New York Metropolis, March 4, 2026.
Adam Grey/Bloomberg through Getty Photos
“John Ternus has the thoughts of an engineer, the soul of an innovator, and the guts to steer with integrity and with honor. He’s a visionary whose contributions to Apple over 25 years are already too quite a few to rely, and he’s with out query the correct particular person to steer Apple into the longer term,” Prepare dinner added.
Prepare dinner has served as Apple’s CEO since 2011. The corporate mentioned that underneath his management, Apple has grown from a market capitalization of roughly $350 billion to $4 trillion.
Apple CEO Tim Prepare dinner speaks throughout the keynote tackle at an Apple particular occasion, September 9, 2025 in Cupertino, Calif.
Justin Sullivan/Getty Photos
Ternus has labored at Apple since 2001 and have become a vp of {Hardware} Engineering in 2013, in response to the corporate. He has labored on a number of product strains, together with the iPad, AirPods, and Apple Watch.
“I’m profoundly grateful for this chance to hold Apple’s mission ahead,” Ternus mentioned. He labored underneath Steve Jobs and referred to Prepare dinner as his mentor.
“I’m crammed with optimism about what we will obtain within the years to come back, and I’m so pleased to know that essentially the most gifted individuals on earth are right here at Apple, decided to be a part of one thing greater than any one in every of us,” he mentioned.
Final month, Cook sat down with “Good Morning America” co-anchor Michael Strahan forward of the corporate’s milestone fiftieth anniversary.
“What a mirrored image,” Prepare dinner mentioned of Apple’s longevity.
When requested about Apple’s largest contributions over the previous 5 many years, Prepare dinner pointed to innovation throughout industries.
“You recognize, you may deal with the product moments, reinventing music, reinventing the smartphone, bringing the artistic arts to the desk, the artistic graphics. Saving individuals’s lives with the watch,” he mentioned.
On the time, Prepare dinner dismissed hypothesis about stepping down, noting, “I like what I do deeply.”
“Twenty-eight years in the past, I walked into Apple and I’ve cherished day-after-day of it since,” he mentioned. “We have had ups and downs, however the individuals I work with are so wonderful. They create out the very best in me. And hopefully, I can convey out the very best in them. And Michael, I can not think about life with out Apple.”
