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Marketplace · Monday, August 31, 2026

Tim Cook steps down as Apple CEO, John Ternis to take over

Tim Cook is transitioning from his role as CEO of Apple to executive chairman. Hardware engineering lead John Ternis will assume the CEO position starting tomorrow. This change marks a significant shift at the $4.6 trillion company.

tickerAAPLpersonTim CookpersonJohn TerniscompanyApple

The tape

3 quotes
Today's Tim Cook's last day running Apple.
He will become the executive chairman.
John Ternis, who's in charge of hardware engineering, takes over tomorrow.
Heard on Marketplace — “Oil markets brace for maintenance season, published Monday, August 31, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.04
Tim Cook steps down as Apple CEO, John Ternis to take over — Heardvine