Tim Cook has transitioned from his role as Apple’s chief executive officer to take on the position of executive chair, a move accompanied by a compensation package valued at approximately $47 million. This package comprises a $2 million base salary along with $45 million in stock, with half of the stock award contingent on meeting specific performance targets and the other half set to vest over a four-year period.
In handing over the CEO reins to John Ternus, Cook has shifted his focus to external affairs. As executive chair, he will oversee Apple’s interactions with governments and policymakers and manage the company’s connections with crucial international markets. During his time as CEO, Cook’s compensation surpassed $74 million in 2025, a period that saw Apple’s market valuation soar to around $4.7 trillion.
John Ternus, who steps into the CEO role, brings with him a wealth of experience as a veteran Apple executive and former head of hardware engineering. His new responsibilities include steering the company’s product strategy and operations. Ternus’s compensation package is set at a $3 million base salary, complemented by a $55 million stock award. A significant portion of his stock award is also linked to performance measures, reflecting the company’s continued emphasis on results-driven leadership.
The leadership transition marks a significant moment for Apple, with Cook’s tenure as CEO marked by extraordinary growth and innovation. His move to executive chair signals a shift in focus towards strategic external relationships, while Ternus takes on the helm to drive forward Apple’s product and operational strategies. This change underscores Apple’s commitment to maintaining its position at the forefront of technological advancement and market leadership.