Apple CEO Tim Cook Announces Resignation After Over a Decade of Leadership

California. Apple CEO Tim Cook has announced his resignation. After leading the company for more than a decade, he has declared his departure. According to information released by the company on Monday, Cook will step down from the CEO position effective September 1.

John Ternus, Apple's Senior Vice President of Hardware Engineering, will succeed Cook as the new CEO. Cook will remain as the Executive Chairman of the company's Board of Directors and will continue to serve as CEO through the summer to facilitate a smooth transition.

“Serving as Apple's CEO has been the greatest privilege of my life. I am grateful for the trust placed in me to lead such an extraordinary company,” Cook said in a statement. This news comes amidst a major leadership reshuffle at Apple toward the end of 2025, during which the company's AI chief, policy head, and top design leaders departed.

Cook took over as Apple's CEO in 2011, succeeding Steve Jobs. Under his leadership, Apple became a major player in entertainment, health, and wearables. During this period, the company's valuation grew significantly, reaching $4 trillion. Throughout his tenure, Apple expanded beyond its iPhone-centric business, successfully launching new products and services such as the Apple Watch, AirPods, and Apple TV+; notably, the services sector has become the company's second-largest source of revenue.

However, the company's recent expansion into artificial intelligence and virtual reality has not met expectations, with products like the Apple Vision Pro receiving mixed reviews. Tim Cook successfully navigated the company through challenging times, including the COVID-19 pandemic and US-China trade tensions. It is expected that under new leadership, Apple will place greater focus on hardware innovation and artificial intelligence in the coming days.