The multi-trillion-dollar company Apple is getting a new CEO by the beginning of fall, as Tim Cook is stepping down as CEO and moving to the new role of Executive Chairman of Apple’s board, and the hardware veteran John Ternus will become the new CEO of Apple.
As reported by the Financial Times and the New York Times, they predicted last year there would be a leadership transition by the end of this fall and now it is happening, and they also named John Ternus as having a high chance of becoming the company’s new CEO, as the report stated it was now happening.
Tim Cook, who is the current CEO of Apple, joined the company in 1998 — the same year I was born — and he became the CEO of the company after the Steve Jobs era in 2011 and has been involved in the timeline of achievements across new product categories such as Apple Watch, AirPods, Apple Vision Pro, and also notably he has made Apple’s market capitalization from 350 billion dollars in 2011 to around 4 trillion dollars, making it one of the most valuable and trusted companies in the world.
And also to be noted, he has cut Apple’s carbon footprint by more than 60 percent during his tenure. And he has also shared a letter with the community, thanking users for being part of the journey.
Now we can explore a little about the new CEO, John Ternus. He joined Apple’s product design team in 2001 and has been responsible for the Apple hardware side and he became the Senior Vice President of Apple Hardware Engineering and has been responsible for making Apple Silicon chips and also played a major role in Apple’s flagship phones such as the iPhone 17 family and Apple’s recent release, MacBook Neo, and he will take charge by September 1, 2026.
And we wish him the best of luck for the future endeavors of the company.
