Tim Cook has transitioned from his role as Apple’s chief executive to executive chair, securing a compensation package valued at approximately $47 million. This package includes a base salary of $2 million, complemented by $45 million in shares. Notably, half of these shares are contingent on performance targets, while the rest will vest over a four-year period.
Stepping into the CEO position is John Ternus, who previously served as Apple’s head of hardware engineering. Ternus will receive a $3 million base salary and a $55 million stock award, with a substantial portion of his compensation tied to achieving performance goals. As the new CEO, Ternus is tasked with steering Apple’s product strategy and overseeing its operations.
During Cook’s tenure as CEO, his compensation surpassed $74 million in 2025, and under his leadership, Apple’s market value saw significant growth, reaching an impressive $4.7 trillion. In his new role as executive chair, Cook is expected to focus on external affairs, including fostering relationships with governments, policymakers, and key international markets.
Ternus brings extensive experience to his new role, having been a longtime executive within Apple. His leadership will be crucial as he takes charge of the company’s ongoing product development and strategic initiatives. Meanwhile, Cook’s shift to executive chair marks a new phase in his career, where he will continue to play a pivotal role in shaping Apple’s global presence and external partnerships.