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- Benzinga4/20/2026, 9:08:52 PMApple CEO Tim Cook To Step Down In September, John Ternus Will Take Over
Apple announced that CEO Tim Cook will step down on September 1, 2026, transitioning to executive chairman, with John Ternus — current SVP of Hardware Engineering — named as his successor. Cook will remain in his current role through the summer to facilitate the handover. Under Cook's 14-year tenure, Apple's market cap grew from $350 billion to $4 trillion and annual revenue exceeded $416 billion.
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