Apple Appoints John Ternus as CEO Amid Leadership Transition and Strategic Shift

Tim Cook to be paid $47mn as Apple’s executive chair

Pay package signals big role for former CEO as his successor John Ternus gets $58mn

Apple CEO John Ternus started Tuesday. His $55 million award starts next year

Apple tied 75% of the new CEO’s annual equity target to shareholder return relative to the S&P 500. Neither award is granted until fiscal 2027

By Amanda Gerut

Apple CEO John Ternus’ first memo to employees has a message on iPhone 18 series

Today marks a significant transition for Apple as John Ternus steps into the role of Chief Executive Officer. Tim Cook has gracefully shifted to the position of Executive Chairman after his impactful tenure. In his inaugural remarks, Ternus lauded Cook's visionary leadership and conveyed enthusiasm for the future innovations set to debut, bringing attention to an upcoming launch event and appreciating the dedication of Apple's workforce.

By TOI TECH DESK

John Ternus takes over as Apple enters era of AI, foldable phones

John Ternus took over as Apple’s chief executive on Tuesday, inheriting a company that towers over the smartphone market but trails its rivals in artificial intelligence. One of his biggest challenges will be balancing the company’s dependence on China while parrying acute political pressure from the White House. The handover ends Tim Cook’s 15-year run, replacing the operations specialist who built Apple’s supply chain with the engineer who built its hardware. Ternus, 51, joined Apple’s desi...

By none@none.com (AFP)

Apple Unveils Pay Package For New CEO John Ternus

Apple set a pay package worth $58 million for new CEO John Ternus, who formally took the reins from longtime chief executive Tim Cook today. His compensation includes a $3 million annual salary and equity awards valued at $55 million to be awarded in the company’s fiscal 2027, which starts in October. The tech giant […]

By Jillg366