John Ternus, senior vp of {hardware} engineering at Apple Inc., throughout an Apple occasion in New York, US, on Wednesday, March 4, 2026.
Adam Grey | Bloomberg | Getty Photographs
Apple stated on Monday that John Ternus is succeeding Tim Prepare dinner as CEO, with Prepare dinner assuming the position of govt chairman on Sept. 1.
Ternus, a senior vp of {hardware} engineering, will be part of Apple’s board of administrators when he turns into chief. Apple’s non-executive chairman Arthur Levinson will grow to be the iPhone-maker’s lead impartial director on that date.
“Prepare dinner will proceed in his position as CEO by the summer season as he works intently with Ternus on a clean transition,” Apple stated in a press launch.
It is the primary CEO transition for Apple since Prepare dinner succeeded Steve Jobs on the helm in 2011, shortly earlier than Jobs’ loss of life.
“It has been the best privilege of my life to be the CEO of Apple and to have been trusted to guide such a rare firm,” Prepare dinner stated in an announcement. “I really like Apple with all of my being, and I’m so grateful to have had the chance to work with a crew of such ingenious, revolutionary, inventive, and deeply caring individuals who have been unwavering of their dedication to enriching the lives of our prospects and creating one of the best services on the planet.”
Apple’s market cap elevated by roughly 24-fold on Prepare dinner’s watch, closing on Monday at $4 trillion.
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