Apple $4 Trillion Milestone: Tim Cook Transitions to Executive Chairman,John Ternus to Lead as Eighth CEO. The Dawn of a New Era: John Ternus Named Apple CEO as Tim Cook Steps into Executive Chairman RoleBy Business Khabri | April 22, 2026In a move that marks the end of a historic leadership chapter and the beginning of a fresh one, Apple Inc. officially announced that John Ternus, the companys Senior Vice President of Hardware Engineering, will become its next Chief Executive Officer, effective September 1, 2026.Tim Cook,who has steered the tech giant since 2011, will transition into the role of Executive Chairman of Apple’s board of directors. The announcement, made on Monday, April 20, 2026, signals a smooth, well-calculated succession t