Cook will receive $47 million as Apple's executive chairman, though John Ternus will be the running the show from here.

John Ternus takes over as Apple CEO on September 1, succeeding Tim Cook. He's already restructuring Apple's design team and shifting management

Tim Cook steps down as Apple CEO on September 1, 2026, with hardware veteran John Ternus taking over a company valued at approximately $4

Apple CEO Tim Cook has handed over the reins to John Ternus after a 15-year tenure that transformed Apple into a $4.6 trillion company. The stock has surged 2,275% since Cook…