Tim Cook has transitioned from his role as Apple’s chief executive to serve as the executive chair, receiving a compensation package valued at approximately $47 million. This package is composed of a $2 million base salary along with $45 million in shares. Notably, half of these shares are linked to performance criteria, while the other half will vest over a period of four years.
With Cook stepping aside, John Ternus takes the helm as Apple’s new CEO. Ternus, who previously led Apple’s hardware engineering, will now spearhead the company’s product strategy and oversee operations. As part of his new role, Ternus is set to receive a $3 million base salary and a $55 million stock award, with a significant portion of his compensation tied to performance metrics.
During his tenure as CEO, Cook’s compensation surpassed $74 million in 2025. Under his leadership, Apple witnessed remarkable growth, with its market valuation soaring to approximately $4.7 trillion. Cook’s new focus as executive chair will be on managing Apple’s external affairs, including fostering relationships with governments and policymakers, and strengthening ties with crucial international markets.
This leadership shift marks a pivotal moment for Apple, with Ternus inheriting the responsibility to maintain the company’s innovative edge and drive its product initiatives forward. Meanwhile, Cook’s strategic oversight in international and governmental relations is expected to further solidify Apple’s global standing and influence.