Apple CEO Tim Cook to step down in September

Apple has announced a major leadership change, with CEO Tim Cook stepping down after 15 years at the helm. He will be succeeded on September 1, 2026, by John Ternus, a 25-year Apple veteran who currently serves as Senior Vice President of Hardware Engineering. Cook, who oversaw Apple's rise to a $4 trillion market valuation, will transition to the role of executive chairman of the board. In his new capacity, Cook is expected to focus on global policy and strategic initiatives for the company.