Tim Cook, the long-serving leader of Apple, has transitioned from his role as chief executive to an executive chair position within the company. In this new capacity, he has been awarded a total compensation package valued at approximately $47 million. This package encompasses a base salary of $2 million, with the remaining $45 million allocated in shares. Notably, half of these shares are contingent upon the achievement of specific performance goals, while the other half will vest over a four-year period.
With Cook stepping aside from the CEO role, John Ternus has been appointed as his successor. Ternus, who has been a key figure at Apple as the former head of hardware engineering, will now oversee the company’s product strategy and operations as CEO. His compensation includes a $3 million base salary and a $55 million stock award, with a significant portion of his package also tied to performance metrics.
During Tim Cook’s tenure as CEO, Apple’s market value experienced tremendous growth, reaching an impressive $4.7 trillion. In 2025 alone, Cook’s compensation exceeded $74 million, reflecting his pivotal role in steering the company’s financial success. As he transitions to his new position, Cook will concentrate on external affairs, particularly focusing on strengthening Apple’s relationships with governments, policymakers, and key international markets.
John Ternus’s new leadership role marks a significant shift in Apple’s executive dynamics. His extensive experience within the company, particularly in hardware engineering, positions him well to lead Apple’s future endeavors and drive continued innovation. As CEO, Ternus will be at the helm of Apple’s strategic direction, ensuring that the company maintains its reputation for cutting-edge technology and market leadership.