John Ternus takes a $3m base salary, a prorated $2.5m stock award, and a fiscal 2027 award targeting $55m, three quarters of it tied to shareholder return.

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

John Ternus, taking over as Apple's chief executive on September 1, is anticipated to revamp the company's senior leadership across key departments in the coming years.