Tim Cook has transitioned from his role as Apple’s chief executive to take on the position of executive chair, receiving a compensation package valued at approximately $47 million. This package is comprised of a $2 million base salary and $45 million in shares. Notably, half of the stock award is contingent upon meeting specific performance goals, while the rest is set to vest over a period of four years.
With Cook stepping down as CEO, John Ternus has taken over the reins, bringing with him a wealth of experience from his previous role as head of hardware engineering. His compensation package includes a $3 million base salary supplemented by a $55 million stock award, with a significant portion tied to performance metrics, underscoring the company’s commitment to aligning executive rewards with its strategic objectives.
During Cook’s tenure as CEO, his compensation surpassed $74 million in 2025, a period marked by significant growth in Apple’s market valuation, which soared to approximately $4.7 trillion. This remarkable increase underlines the impact of Cook’s leadership on the company’s financial trajectory and its solidified position as a leading force in the global tech industry.
In his new role as executive chair, Cook will direct his attention towards external affairs. This includes managing Apple’s interactions with governmental bodies and policymakers, as well as maintaining and strengthening its relationships with key international markets. His focus on these areas is expected to help sustain Apple’s global influence and navigational prowess in an increasingly complex geopolitical landscape.
Meanwhile, Ternus assumes the role of CEO with the responsibility of steering Apple’s product strategy and operations. His leadership is anticipated to continue driving innovation and operational excellence, ensuring that Apple remains at the forefront of technological advancement and consumer satisfaction.