Keep pulling the thread on Tim Cook Becomes Chairman.
Effective September 1, 2026, Tim Cook will transition from CEO to executive chairman of Apple's board of directors.
John Ternus, currently senior VP of hardware engineering, will become Apple's chief executive officer on September 1, 2026.
Since Tim Cook became CEO in 2011, Apple's stock has returned over 2,200%, an annualized return of 24.4% compared to the S&P 500's 14%.
Apple's hardware business is the primary driver of the company's $100 billion in free cash flow.
In his new role as executive chairman, Tim Cook will assist Apple with engaging policymakers around the world.
Tom Giles believes Apple is not as far along in its use of AI as it should be.
Tom Giles considers Tim Cook a genius in operations and supply chain management for ensuring Apple has the components it needs at the exact moment it needs them.
According to Tom Giles, Apple's automotive development efforts "went nowhere."
John Ternus, not Tim Cook, did the big reveal at the Apple event in New York in March to announce the MacBook Neo.
Last year, John Ternus was given control of Apple's secretive unit developing robots, which is slated for release as early as next year.
Under Tim Cook's leadership, Apple has been diversifying its supply chain by moving more manufacturing and production to India.
Apple faces increasing competition in China from local smartphone manufacturers such as Oppo, Vivo, and Huawei.