Tim Cook, who has led the company since 2011, will transition to the role of executive chairman of Apple’s board of directors.

The Board of Directors approved the transition unanimously. Ternus has spent 25 years at Apple, joining the company in 2001.

He was promoted to senior vice president of Hardware Engineering in 2021. Under Cook’s leadership, Apple saw remarkable growth—its market capitalization surged from approximately $350 billion to $4 trillion.

Additionally, Apple’s yearly revenue increased from $108 billion in fiscal year 2011 to over $416 billion in fiscal year 2025.

Ternus will also join the board of directors effective September 1, 2026. Arthur Levinson will become Apple’s lead independent director on the same date.

Ternus expressed gratitude for his new role, stating he is “profoundly grateful for this opportunity to carry Apple’s mission forward.” He acknowledged his career at Apple and the mentorship he received from Tim Cook.

Cook stated, “It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company.”

Details remain unconfirmed about how this leadership change will impact Apple’s future strategies or product developments. Further updates are expected as the transition approaches.

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