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Apple CEO Cook to Retire in 2026, Ternus Takes Helm
25 Apr
Summary
- Tim Cook will retire as Apple CEO on September 1, 2026.
- John Ternus will succeed Cook as Apple's next CEO.
- Apple has repurchased over $841 billion in stock since 2013.
Apple's chief executive, Tim Cook, will retire from his CEO role on September 1, 2026. He is slated to move into the position of executive chairman of Apple's board. John Ternus, a long-serving Apple executive and current Senior Vice President of Hardware Engineering, will succeed Cook. Ternus brings extensive experience with Apple's core hardware products.
Cook has led Apple since August 24, 2011, during which time the company's shares have seen a remarkable increase of over 2,300%. His tenure saw a strategic shift towards the services ecosystem, complementing the company's device sales. Furthermore, under Cook's leadership, Apple initiated and has largely executed the largest share repurchase program in Wall Street history.
Since 2013, Apple has spent more than $841 billion on stock buybacks. This substantial repurchase has reduced the number of outstanding shares by over 44%. This strategy has been instrumental in increasing earnings per share, making Apple a more attractive investment.
