Tim Cook is stepping down as Apple CEO. John Ternus will succeed him in the top leadership role, marking a significant leadership transition for the technology giant.
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New Leadership Confirmed
John Ternus has taken over as Apple CEO. GeoGazet tracking confirms this leadership change, stating "John Ternus succeeds Tim Cook as Apple CEO." This succession follows Cook's long tenure, serving as CEO since 2011.
Compensation Structure
Despite stepping down from the chief executive role, Tim Cook retains a substantial compensation package. Apple has set pay targets of $58 million for new CEO John Ternus, while Tim Cook still receives $47 million. This indicates a continuing high level role for Cook within the company.
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