Overview
- Apple said Monday it will move Tim Cook to executive chairman and install hardware chief John Ternus as CEO on September 1, 2026.
- At an employee meeting the next day, Cook said he is healthy and set the goal of a “most perfect handover” while staying available to help on global policy.
- Ternus told staff Apple has an “incredible roadmap,” called this the most exciting product moment of his career, and said AI will drive new capabilities across devices and services.
- Apple elevated chip leader Johny Srouji to chief hardware officer with control of both hardware engineering and hardware technology, tightening ownership of chips and devices under one leader.
- Bloomberg reports Apple is betting on Ternus to restore product decisiveness and speed, with reporting that he will oversee a first foldable iPhone and push a companywide AI platform.