Tim Cook, the long-serving CEO of Apple, has announced that he will step down from his role after nearly 15 years of leadership. He will officially transition out of the CEO position on September 1, 2026, and take on a new role as executive chairman. Cook took over from Steve Jobs in 2011 and played a major role in transforming the company into one of the world’s most valuable businesses.

During his tenure, Apple saw massive growth, launching successful products and services such as the Apple Watch, Apple Music, and Apple TV+. The company also reached major financial milestones, becoming the first US company to hit a $1 trillion valuation in 2018 and later touching $4 trillion. Cook reflected on his journey with gratitude, calling his time as CEO “the best job in the world” and thanking users for their continued support and trust.

Cook confirmed that John Ternus, Apple’s head of hardware engineering, will take over as the new CEO. He described Ternus as a brilliant leader with deep experience and a strong understanding of Apple’s vision. While stepping down, Cook made it clear that this is not a complete farewell, as he will continue to be involved with the company in his new role and support its future growth.