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● TRACKER Updated 11d ago · 17 sources tracked

Apple Unveils Pay Package For New CEO John Ternus

John Ternus officially assumed the role of Apple CEO on September 1, 2026, succeeding Tim Cook. The company established a pay package for Ternus valued at $58 million, or KSh 7.5 billion. Tim Cook has transitioned into the role of executive chairman. Ternus takes over following a period where Cook provided shareholders with a 2,150% return over 15 years. Market reaction was positive, with shares increasing 2.6% following the leadership change. The new CEO has signaled a major launch for the coming week.

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  • ✓ John Ternus took over as Apple CEO on September 1, 2026.
  • ✓ Ternus received a pay package valued at $58 million, also reported as KSh 7.5 billion.
  • ✓ Tim Cook has become executive chairman after serving 15 years as CEO.
  • ✓ Apple shares rose 2.6% after Ternus became CEO.
🛡️ Source Corroboration: 17 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Ternus officially started his role on September 1 and Tim Cook moved to executive chairman.

Live updates

  1. John Ternus Begins Tenure as Apple CEO with $58 Million Pay Package

    John Ternus officially assumed the role of Apple CEO on September 1, 2026, succeeding Tim Cook. The company established a pay package for Ternus valued at $58 million, or KSh 7.5 billion. Tim Cook has transitioned into the role of executive chairman. Ternus takes over following a period where Cook provided shareholders with a 2,150% return over 15 years. Market reaction was positive, with shares increasing 2.6% following the leadership change. The new CEO has signaled a major launch for the coming week.

    Why it matters

    This leadership transition marks the end of Tim Cook's tenure as CEO. The move comes just before a scheduled iPhone launch on September 9. Investors are monitoring how Ternus manages the company's hardware pipeline and pricing strategies.

    What is confirmed

    • John Ternus took over as Apple CEO on September 1, 2026.
    • Ternus received a pay package valued at $58 million, also reported as KSh 7.5 billion.
    • Tim Cook has become executive chairman after serving 15 years as CEO.
    • Apple shares rose 2.6% after Ternus became CEO.
    • An iPhone launch is scheduled for September 9.

    Still unconfirmed

    • The next flagship iPhones may feature a foldable design, variable aperture camera, more RAM, and improved battery life.
    • Apple may implement higher prices for the next generation of handsets.

    What to watch next

    • The iPhone launch event on September 9
    • Official confirmation of hardware specifications for the iPhone 18
    Sources used for this update (6)
    1. www.cnet.com — iPhone 18: Everything We Know About Apple’s Next Handsets
    2. jen.jiji.com — Tokayev reappoints Nurzhan Nurzhigitov as water resources and irrigation minister
    3. www.uniladtech.com — Mega pay package Apple's new CEO will receive after taking over from Tim Cook
    4. www.tuko.co.ke — Apple Sets KSh 7.5b Pay Package for New CEO John Ternus as Tim Cook Steps Aside
    5. deadline.com — FCC Asks Court To Dismiss ABC’s First Amendment Lawsuit
    6. www.tuko.co.ke — Kenya's DCI Arrests FlexPay Directors Over KSh 31.2m Theft, Fraud Allegations
    confidence 95%

  2. Apple unveils $58 million pay package for new CEO John Ternus

    Apple's new CEO John Ternus has been unveiled with a pay package worth $58 million. Ternus took over as CEO after Tim Cook, who delivered a 2,150% return for Apple shareholders over 15 years. Ternus has teased a 'huge launch next week' and an upcoming iPhone launch on September 9. The company's shares rose 2.6% after Ternus took over as CEO.

    Why it matters

    The transition of leadership at Apple is being closely watched as the company continues to evolve in the tech industry. Ternus has been with Apple for over 20 years and previously served as the company's senior vice president of hardware engineering. The pay package for Ternus is slightly higher than Cook's $47 million package.

    What is confirmed

    • John Ternus is Apple's new CEO.
    • Ternus' pay package is worth $58 million.
    • Tim Cook delivered a 2,150% return for Apple shareholders over 15 years.
    • Apple's shares rose 2.6% after Ternus took over as CEO.
    • Ternus previously served as senior vice president of hardware engineering at Apple.

    What to watch next

    • The upcoming iPhone launch on September 9
    • Ternus' performance as CEO in the long term
    • The impact of Ternus' pay package on Apple's stock market performance
    Sources used for this update (13)
    1. The Motley Fool — Tim Cook Delivered a 2,150% Return for Apple Shareholders Over 15 Years as CEO. Is John Ternus Built to Extend That Run?
    2. The New York Times — Apple Begins Its Next Balancing Act as New C.E.O. Takes Over
    3. Reuters — Cook hands Apple to Ternus: bigger and richer, but catching up in AI race
    4. inc.com — With Just 9 Words, Tim Cook’s Farewell Email Taught a Lesson for Every Leader
    5. Bloomberg.com — Apple Ternus Touts Product Pipeline, ‘Phenomenal’ Sept. 9 iPhone Launch in Memo
    6. The Verge — John Ternus sends first memo as Apple CEO teasing a ‘huge launch next week’
    7. Deadline — Apple Unveils Pay Package For New CEO John Ternus
    8. WSJ — Apple to Give New CEO $3 Million Salary
    9. The Daily Beast — Apple CEO Bends Knee to Trump on First Day of the Job
    10. Bloomberg.com — Apple Sets Pay Targets at $58 Million for Ternus, $47 Million for Cook
    11. Business Insider — Tim Cook will continue to collect a CEO-sized paycheck at Apple
    12. Yahoo Finance — Apple's Shares Rise 2.6% as John Ternus Takes Over as CEO
    confidence 90%
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