Tim Cook has transitioned from his role as Apple’s chief executive to take on the position of executive chair, accompanied by a compensation package valued at roughly $47 million. This package consists of a $2 million base salary coupled with $45 million in shares, of which half is contingent upon performance metrics, while the other half is set to vest over a period of four years.
In stepping down as CEO, Cook has handed the reins to John Ternus, who is set to receive a $3 million base salary along with a $55 million stock award, the majority of which is also tied to performance criteria. Ternus, who has been a key figure at Apple and previously led the hardware engineering division, will now oversee Apple’s product strategy and daily operations as the company’s new CEO.
During Cook’s tenure as CEO, his compensation topped $74 million in 2025, and under his leadership, Apple’s market value soared to approximately $4.7 trillion. As he steps into the executive chair role, Cook’s focus will shift toward managing Apple’s external affairs, which includes nurturing relationships with governments and policymakers, as well as strengthening ties in vital international markets.
This leadership transition marks a significant moment for Apple, as the company continues to navigate its growth trajectory under new management. With Ternus at the helm, Apple aims to maintain its innovative edge and operational excellence, building upon the robust foundation laid during Cook’s influential period as CEO.