Apple has announced that Tim Cook will become the company's executive chairman, and John Ternus, the senior vice president of Hardware Engineering, will take over as CEO effective September 1, 2026. Cook will work closely with Ternus to ensure a smooth transition and will continue to engage with policymakers as executive chairman. Ternus has been with Apple for over 25 years and has overseen the development of numerous groundbreaking products. The transition is part of a long-term succession planning process approved by the Board of Directors.