Michael ActonUpdated Sep 2, 2026 – 11.27am, first published at 5.00amApple chief executive Tim Cook hands over the reins to his successor, John Ternus, on Tuesday (Wednesday AEST), capping 15 years at the top of one of the world’s biggest companies.Success for Cook, who will become executive chairman with a new pay package totalling $US47 million ($66 million), has been built on wringing more money out of users of Apple’s billions of devices. He has also fine-tuned its supply chain to maintain high margins and exercised tight control of its ecosystem in the name of privacy.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Tim Cook’s staggering Apple legacy by the numbers
The Apple chief executive steps down after 15 years, during which its shares have risen more than 2000 per cent and returned more than $1.5 trillion to shareholders.
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