Tim Cook has transitioned from his role as Apple’s chief executive to the position of executive chair, a move accompanied by a compensation package valued at approximately $47 million. This package is comprised of a $2 million base salary complemented by $45 million in Apple shares. Notably, half of these shares are contingent upon achieving certain performance targets, while the other half will vest over a period of four years.
In stepping down as CEO, Cook handed the reins to John Ternus, who steps into the role with a $3 million base salary and a stock award worth $55 million. A significant portion of Ternus’s compensation is similarly tied to performance metrics. Under Cook’s leadership, Apple’s market valuation saw remarkable growth, eventually reaching an estimated $4.7 trillion, and his compensation during his tenure as CEO surpassed $74 million in 2025.
As he assumes the role of executive chair, Cook’s focus will shift to managing Apple’s external affairs. This includes strengthening relationships with governments and policymakers, as well as maintaining and expanding Apple’s presence in key international markets.
John Ternus, who has been a part of Apple’s leadership team for years and previously led hardware engineering, now takes on the responsibility of shaping the company’s product strategy and overseeing operations as CEO. His extensive experience within Apple positions him to continue the company’s trajectory of innovation and success.