Form 8-K · Current Report · Filed 2026-04-20
Apple Announces Leadership Transition with Tim Cook Moving to Executive Chair and John Ternus Appointed as New CEO
On April 20, 2026, Apple Inc. announced a significant leadership transition. Tim Cook will transition from his role as Chief Executive Officer to Executive Chair of Apple's Board of Directors, effective September 1, 2026. In his place, John Ternus, Apple's Senior Vice President of Hardware Engineering, has been appointed as the new Chief Executive Officer, also effective on the Transition Date. Art Levinson, the current Chair of the Board, will become Lead Independent Director on the same date. This transition marks a new chapter for Apple's leadership, with Ternus bringing extensive experience in engineering, product design, and innovation to the CEO role.
- Filer
- Apple Inc. AAPL · NASDAQ
- Filed
- Accession
- 0001140361-26-015711
- CIK
- 0000320193
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$270.23
Next session
-1.5%
Since filing
+14.3%
Latest close
$308.91
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Precedent
Previous filings from AAPL reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, AAPL insiders reported 6 Form 4 transactions — net selling of $87.1M.
About Apple Inc.
Apple Inc. is a leading corporation renowned for crafting and delivering a diverse array of technology products on a global scale. Specializing in consumer electronics, Apple’s flagship products include the iPhone, a series of smartphones that have significantly influenced mobile communication. Complementing this is their line of Mac computers, which blend powerful processors with the macOS operating system distinguished for its sleek design and robust performance. Apple also offers iPad tablets, noted for their versatility in both personal and professional settings, and wearables such as AirPods and the Apple Watch, which have expanded the company's reach into the personal accessories market. Beyond hardware, Apple operates a robust ecosystem of services like the App Store, a digital distribution platform for apps, and Apple Music, a significant player in the music streaming industry. By constantly innovating in hardware and digital services, Apple Inc. maintains its stature within the consumer technology sector and continues to wield substantial influence over market dynamics and consumer tech trends worldwide.
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