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Tim Cook will step down as Apple CEO, with John Ternus set to take over. Cook will remain through summer to ensure a smooth transition before becoming executive chairman. Under Cook’s 15-year leadership, Apple saw major growth in revenue, products and services.

After nearly 15 years at the helm, Tim Cook stepped down as Apple CEO today, marking the end of one of the most transformative leadership runs in corporate history. John Ternus, Apple’s longtime senior vice president of Hardware Engineering, will assume the role of CEO, while Cook transitions to executive chairman of the company’s board of directors.

When will Tim Cook step down officially?

Apple has announced that John Ternus will become Apple’s next CEO effective on September 1 this year. This means that Tim Cook's last day as CEO will be August 31. This also means that this year's Apple fall event keynote will be done by Ternus, and not Cook.

Cook, will remain CEO through the summer to oversee a smooth handover, will not be retiring from Apple entirely. He will then assume a new role as executive chairman, wherein he will continue to advise on key strategic matters and represent the company in global policy discussions, particularly on issues like privacy, trade, and sustainability. “This is not goodbye,” Cook wrote in an open letter to employees and shareholders earlier this year. “I love Apple with all of my being.”