Tim Cook to Step Down as Apple CEO
Tim Cook, Apple’s CEO for nearly 15 years, will retire on September 1, 2026, transitioning to executive chairman of the board. John Ternus, currently Apple’s senior vice president of Hardware Engineering, will succeed him. Under Cook’s leadership since August 24, 2011, Apple has seen its stock rise over 2,300% and shifted focus toward a services-driven model.
During his tenure, Cook led an extensive share buyback program, spending over $841 billion since 2013 and reducing Apple’s outstanding shares by more than 44%. This strategy, bolstered by tax reforms, has contributed significantly to increasing the company’s earnings per share (EPS).
