John Ternus CEO Apple and a new era for the tech giant began on September 1, 2026. He succeeded Tim Cook, who became the Executive Chairman of the Board. Apple Inc. disclosed the financial terms for both executives in a regulatory filing with the Securities and Exchange Commission.
Financial Compensation for Apple's New Leadership
John Ternus has been with the company since 2001. According to 9to5mac.com, his base salary is $3 million per year. Starting from fiscal year 2027, he will also receive a target stock package valued at $55 million. Tim Cook will receive a total compensation package worth $47 million for fiscal year 2027, with a base salary of $2 million per year.
As reported by fool.com, during Tim Cook's tenure as CEO, the company's market capitalization grew from $350 billion in 2011 to approximately $4 trillion in 2026. Tim Cook remarked on the leadership transition, stating that he could not be more excited about the leadership that Ternus brings.