Tim Cook has transitioned from his role as Apple’s chief executive to take on the position of executive chair, accompanied by a compensation package valued at approximately $47 million. This package includes a base salary of $2 million and an additional $45 million in shares. Notably, half of the stock award is contingent upon achieving certain performance targets, while the rest will vest over a period of four years.
John Ternus, who has succeeded Cook as CEO, is set to earn a base salary of $3 million. His compensation also includes a $55 million stock award, with a significant portion tied to performance outcomes, reflecting the company’s focus on incentivizing leadership that drives results.
During Cook’s time as CEO, Apple’s market value saw remarkable growth, climbing to about $4.7 trillion. His annual compensation as CEO peaked at over $74 million in 2025, underscoring the financial rewards associated with the tech giant’s expansion under his leadership.
In his new role as executive chair, Cook will direct his efforts towards external affairs, managing Apple’s engagements with governmental bodies and policymakers, and nurturing its relationships in key international markets. This shift reflects a strategic focus on maintaining and expanding Apple’s global influence and partnerships.
Meanwhile, Ternus, who previously led Apple’s hardware engineering, will now steer the company’s product strategy and oversee operations as the new CEO. His extensive experience within the company positions him to continue driving innovation and excellence in Apple’s product offerings.
