Tim Cook will become executive chairman of Apple's board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple's next chief executive officer effective on September 1,

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity.

CEO Corie Barry will step down from her leadership roles within the company at the end of October.

Current Apple CEO Tim Cook is set to leave his role on September 1, 2026, and as he prepares to step down as CEO, he has written a letter addressed to the Apple community. Cook said that he starts his day reading notes from Apple users all over the world,

Tim Cook says he'll step down as Apple's CEO in September, becoming the company's executive chairman. He will be replaced by John Ternus, Apple's senior vice president of hardware engineering.

Apple CEO Tim Cook will step down after helming the tech giant for roughly 15 years, the company announced Monday. Cook will take on a new role as the executive chairman of the board of directors for Apple in September, and John Ternus will become the company’s new chief executive officer.

John Ternus will take over as CEO on September 1, while Cook will stay on as chairman of Apple’s board of directors.

Apple CEO Tim Cook will step down in September and be succeeded by hardware chief John Ternus, the company said Monday. Cook will become executive chairman of Apple's board.

Longtime CEO of Apple, Tim Cook, will step down in the role to become the executive chairman of the company’s board of directors.