Apple today announced major changes to its executive leadership team. In short, John Ternus will become CEO, Tim Cook will become the Executive Chairman of the company’s board of directors, and Johny Srouji is chief hardware officer effective immediately.

Ternus, who is Apple’s senior vice president of Hardware Engineering, will fill the CEO role beginning on September 1, 2026. Between now and then, Cook will remain CEO and work with Ternus on his transition to CEO. As expected, Cook’s duties as Executive Chairman will include working with policymakers worldwide on behalf of the company. For his part, Srouji will become chief hardware officer effective immediately, taking on Ternus’ previous role with Hardware Engineering, as well as leading the hardware technologies organization.

Tim Cook had this to say of his time as CEO and Ternus’ appointment:

It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world. John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.

And, from John Ternus:

I am profoundly grateful for this opportunity to carry Apple’s mission forward. Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor. It has been a privilege to help shape the products and experiences that have changed so much of how we interact with the world and with one another. I am filled with optimism about what we can achieve in the years to come, and I am so happy to know that the most talented people on earth are here at Apple, determined to be part of something bigger than any one of us. I am humbled to step into this role, and I promise to lead with the values and vision that have come to define this special place for half a century.

Although Ternus will no longer be running Hardware Engineering, it’s in good hands with Srouji, a pivotal figure in the transition to Apple silicon. As Tim Cook noted:

Johny is one of the most talented people I have ever had the privilege to work with. He has played a singular role in driving Apple’s silicon strategy, and his influence has been felt deeply not just inside the company, but across the industry. He has always led his organization with remarkable deftness and judgment, and time and again, his team has delivered breakthrough innovations that have transformed our products. We are incredibly fortunate to have him as Apple’s chief hardware officer.

Finally, be sure to read Tim Cook’s personal note to the Apple community. Cook is the CEO of one of the largest corporations in world history, but he’s also an individual, and it’s notes like this from Tim Cook the person that make Apple a special company:

This is not goodbye. But at this moment of transition, I wanted to take the opportunity to say thank you. Not on behalf of the company, this time, though there is a wellspring of gratitude for you that overflows inside our walls. But simply on behalf of me. Tim. A person who grew up in a rural place in a different time and, for these magical moments, got to be the CEO of the greatest company in the world. Thank you for the confidence and kindness you’ve shown me. Thank you for saying hi to me on the street and in our stores. Thank you for cheering alongside me when we unveiled a new product or service. Thank you, most of all, for believing in me to lead the company that has always put you at the center of our work. Every day we get up and think about what we can do to make your life a little bit better. And every day, you’ve made mine the best I could have asked for.

2026 is shaping up to be a very big year for Apple and we’re just four months in. Hang on everyone.