
What you need to know
- Apple is undergoing a leadership change for the first time in roughly 15 years, as Tim Cook will step down as CEO later this year.
- John Ternus, Apple's current senior vice president of hardware engineering, will be the company's next CEO.
- Cook will remain as CEO through a transition period, and Ternus will take over Sept. 1, 2026. Then, Cook will become Apple's executive chairman of the board of directors.