Tim Cook has transitioned from his role as Apple’s chief executive to take on the position of executive chair, a move accompanied by a compensation package valued at approximately $47 million. This package comprises a $2 million base salary and $45 million in shares, where half of the stock award is contingent upon performance targets, and the rest will vest over a period of four years.

John Ternus has succeeded Cook as CEO, receiving a base salary of $3 million and a $55 million stock award. The majority of Ternus’s compensation is similarly linked to performance metrics, reflecting a focus on results-driven leadership. Ternus, a veteran at Apple and former head of hardware engineering, now oversees the company’s product strategy and operations in his new role as chief executive.

During Cook’s tenure as CEO, his compensation surpassed $74 million in 2025, and under his leadership, Apple’s market value saw significant growth, reaching an estimated $4.7 trillion. As he steps into the executive chair role, Cook is set to concentrate on external relations, including Apple’s interactions with governments, policymakers, and key international markets.

Ternus’s appointment marks a continuation of Apple’s emphasis on innovative hardware development and strategic product launches. As a longtime executive within the company, Ternus is positioned to lead Apple’s efforts in maintaining its status as a leader in the tech industry while navigating the complexities of global markets and consumer demands.