Tim Cook Just Handed Apple to John Ternus -- but He's Not Leaving. Here's What It Means for AAPL Stock.
John Ternus replaced Tim Cook as Apple's CEO on Sept. 1, 2026, ending a 15-year run that took the company from roughly $350 billion to about $4.6 trillion. Cook isn't leaving -- he becomes executive chairman of the board.
Overview
On Tuesday, Sept. 1, 2026, John Ternus officially became the CEO of Apple Inc. (NASDAQ:AAPL). Ternus replaces Tim Cook, ending his 15-year tenure leading one of the largest public companies on the planet, currently second only to Nvidia.
However, while Ternus is taking over as CEO, Cook is not leaving the company. Instead, he will serve as executive chairman of Apple's board and will, according to Apple, help with "certain aspects of the company, including engaging with policymakers around the world." John Ternus also joins the board as part of the leadership transition.
Details
Apple's stock moved higher on the news today, even as markets fell. As of 3:15 p.m. ET:
Source
Originally published at www.fool.com.