In a significant leadership transition within Apple Inc., Tim Cook has stepped down from his role as chief executive officer to assume the position of executive chair. With this shift, Cook has been awarded a compensation package valued at approximately $47 million. This package consists of a $2 million base salary complemented by $45 million in stock awards. Notably, half of these stock awards are contingent upon meeting specific performance targets, while the rest will become fully vested over a span of four years.
The reins of Apple’s executive leadership have now been handed over to John Ternus, a veteran of the company and formerly the head of hardware engineering. As the new CEO, Ternus will earn a base salary of $3 million. In addition, he will receive a stock award valued at $55 million, which largely depends on his performance, reflecting the company’s confidence in his ability to steer Apple’s future product strategies and operations.
During his tenure as CEO, Tim Cook’s compensation surpassed $74 million in 2025, marking a period of remarkable financial growth for Apple. Under his leadership, the company’s market valuation saw a dramatic increase, soaring to approximately $4.7 trillion. This growth has solidified Apple’s position as a formidable player in the global technology market.
In his new role as executive chair, Cook’s focus will shift towards managing Apple’s external affairs. His responsibilities will include overseeing the company’s interactions with governments and policymakers, as well as strengthening relationships with crucial international markets. This strategic move emphasizes the importance Apple places on maintaining robust global connections and navigating the complex landscape of international business and regulation.
As Cook transitions to his new role, Ternus is tasked with leading Apple’s product strategy, a core component of the company’s continued success. His extensive experience and track record within Apple position him well to uphold and advance the company’s innovation and operational excellence, ensuring that Apple remains at the forefront of technological advancement.
