Tim Cook is stepping down as CEO of Apple, marking the end of an era after more than a decade leading one of the world’s most valuable companies.

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The company confirmed that Cook will officially leave the role on September 1, 2026, transitioning into a new position as executive chairman of Apple’s board.

Taking his place will be John Ternus, Apple’s current senior vice president of hardware engineering, who has been with the company for over two decades.

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Cook has served as CEO since 2011, when he took over from co-founder Steve Jobs, and has overseen a period of massive growth and expansion for the tech giant.

During his tenure, Apple introduced major products like the Apple Watch and AirPods, while also expanding its global reach and services business.

The leadership transition was reportedly part of a long-term succession plan approved by Apple’s board, with Cook expected to remain involved in the company in his new role.

Ternus, who joined Apple in 2001, has played a key role in developing some of the company’s most important products, including the iPhone, Mac, and iPad.

The change comes at a time when Apple is facing increasing pressure to innovate in areas like artificial intelligence, with many watching closely to see how the new CEO will shape the company’s future direction.

While Cook’s departure marks a major shift, Apple has emphasized that the transition is planned and aims to ensure continuity moving forward.