Apple Promotes John Ternus to CEO as Tim Cook Steps Down

Tim Cook to be paid $47mn as Apple’s executive chair

Pay package signals big role for former CEO as his successor John Ternus gets $58mn

Tim Cook handed $47m package for new role as executive chair of Apple

Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company Business live – latest updates Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive. Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares. Half of the share award will be based on performance targets being met, while the rema...

By Dan Milmo Global technology editor

Tim Cook scores $47 million pay deal to stay on as Apple's chairman

Tim Cook is Apple's executive chair and former CEO. Kevin Dietsch/Getty Images Tim Cook is poised to earn about $47 million in annual salary and stock awards as Apple's chairman. Cook stepped down as Apple's CEO this week after 15 years in the top job. John Ternus stands to earn $58 million in salary and stock awards in his first year as CEO. Tim Cook is no longer Apple's CEO, but he'll continue to collect a CEO-sized paycheck. This week, Cook handed Apple's reins to John Ternus after 15 ye...

As Apple gets a new CEO in John Ternus, Tim Cook shares the 4 a.m. morning ritual he stuck by for 15 years in the top job

Tim Cook woke up before 4 a.m. for 15 years to read hundreds of Apple customer emails—and he said it drove him to “work harder and push further.”

By Emma Burleigh

Apple Begins the John Ternus Era — Can Gadgets Still Save Apple in the AI Age?

Elon Musk responds to Apple CEO John Ternus' 'Hello' message

John Ternus, Apple’s newly appointed chief executive, recently took to social media to share his first statement. He has received congratulatory messages from tech leaders, including Elon Musk. Ternus, who officially started his role on September 1, 2026, arrives with a wealth of experience from his time at Apple. This transition happens amid a fiercely competitive landscape in artificial intelligence.

By TOI TECH DESK

John Ternus takes over as Apple enters era of AI, foldable phones

John Ternus took over as Apple’s chief executive on Tuesday, inheriting a company that towers over the smartphone market but trails its rivals in artificial intelligence. One of his biggest challenges will be balancing the company’s dependence on China while parrying acute political pressure from the White House. The handover ends Tim Cook’s 15-year run, replacing the operations specialist who built Apple’s supply chain with the engineer who built its hardware. Ternus, 51, joined Apple’s desi...

By [email protected] (AFP)

Apple Unveils Pay Package For New CEO John Ternus

Apple set a pay package worth $58 million for new CEO John Ternus, who formally took the reins from longtime chief executive Tim Cook today. His compensation includes a $3 million annual salary and equity awards valued at $55 million to be awarded in the company’s fiscal 2027, which starts in October. The tech giant […]

By Jillg366

Apple’s new boss has to be Tim Cook and Steve Jobs rolled into one - The Observer

Apple’s new boss has to be Tim Cook and Steve Jobs rolled into one  The Observer

Apple's new CEO faces his first big test

John Ternus picked one word for his first day. Wall Street gets to grade it.

By Tobi Opeyemi Amure

John Ternus takes over as Apple enters era of AI, foldable phones - The Jakarta Post

John Ternus takes over as Apple enters era of AI, foldable phones  The Jakarta Post

End of the Cook era at Apple: bigger and richer, but catching up in AI race - news24.com

End of the Cook era at Apple: bigger and richer, but catching up in AI race  news24.com