Apple CEO Tim Cook will step down from the task efficient September 1, 2026. As has actually long been reported, Senior Vice President of Hardware Engineering John Ternus will end up being Apple’s brand-new CEO.

While Cook will no longer function as CEO, he will stay with the business in a various capability as executive chairman.

“As executive chairman, Cook will help with particular elements of the business, consisting of engaging with policymakers around the globe,” Apple states.

In a declaration, Cook provided the typical favorable words about his time as CEO:

It has actually been the best opportunity of my life to be the CEO of Apple and to have actually been depended lead such an amazing business. I like Apple with all of my being, and I am so grateful to have had the chance to deal with a group of such innovative, ingenious, innovative, and deeply caring individuals who have actually been unwavering in their commitment to enhancing the lives of our consumers and producing the very best product or services worldwide.

Ternus included his own declaration in the statement: “I am humbled to enter this function, and I assure to lead with the worths and vision that have actually concerned specify this unique location for half a century.”