Apple CEO Tim Cook is stepping down
Axios
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https://www.axios.com/2026/04/14/apple-ai-openai-anthropic" target="_blank">Tim Cook is stepping down as CEO. In nearly 15 years as chief executive, Cook turned Apple into a global powerhouse, building on the legacy of his legendary predecessor Steve Jobs.
Why it matters: Cook, who oversaw the launch of the Apple Watch and AirPods, will be replaced by hardware expert John Ternus.
The big picture: Apple is one of the most valuable companies in the world.
Driving the news: Cook will become executive chairman of Apple on Sept. 1, the company https://www.businesswire.com/news/home/20260420318241/en/Tim-Cook-to-become-Apple-Executive-Chairman-John-Ternus-to-become-Apple-CEO" target="_blank">said Monday.
- Ternus, senior VP of hardware engineering, has been widely viewed as Cook's likely successor.
What they're saying: "It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company," Cook said in a statement.
Editor's note: This story is breaking and will be updated.