Tim Cook has transitioned from his role as Apple’s chief executive officer to take on the position of executive chair, a move accompanied by a substantial compensation package valued at approximately $47 million. This new package includes a $2 million base salary alongside $45 million in shares. Notably, half of the stock award is contingent on performance targets, while the other half will vest over a period of four years.
As Cook steps aside from the CEO role, John Ternus has been appointed as the new chief executive. Ternus, who previously led Apple’s hardware engineering, will receive an annual salary of $3 million and a stock award amounting to $55 million. In Ternus’s case, a significant portion of his compensation is also linked to performance metrics, underscoring the company’s commitment to results-driven leadership.
During his time as Apple’s CEO, Cook’s compensation surpassed $74 million in 2025, reflecting his leadership during a period of remarkable growth for the company. Under his guidance, Apple’s market capitalization soared, reaching an impressive $4.7 trillion, marking a significant milestone in the tech giant’s history.
In his new role as executive chair, Cook will direct his focus towards managing Apple’s external affairs. This includes cultivating and maintaining relationships with governments and policymakers, as well as strengthening the company’s ties with crucial international markets. Cook’s strategic insights are expected to continue benefiting Apple as he navigates complex global interactions.
Meanwhile, Ternus is now charged with steering Apple’s product strategy and operational leadership as CEO. His extensive experience within the company is anticipated to drive innovation and maintain Apple’s reputation for cutting-edge technology and design, ensuring that the company remains at the forefront of the industry.