After stepping down from his role as Apple’s chief executive, Tim Cook has transitioned to the position of executive chair, where he will receive a compensation package valued at approximately $47 million. This package is comprised of a $2 million base salary coupled with $45 million in stock, with half of the shares contingent on meeting specific performance benchmarks and the rest set to vest over a four-year period.
Cook’s shift in roles comes alongside the appointment of John Ternus as Apple’s new CEO. Ternus, who has been a key figure within Apple and previously led the company’s hardware engineering, is set to earn a $3 million base salary, accompanied by a $55 million stock award. A significant portion of Ternus’s stock compensation is similarly tied to performance metrics, reflecting the company’s emphasis on maintaining its robust growth trajectory.
During Cook’s tenure as CEO, Apple’s market capitalization saw a remarkable increase, soaring to about $4.7 trillion. His leadership was instrumental in driving this substantial growth, with his annual compensation in 2025 surpassing $74 million. As he assumes the executive chair position, Cook’s focus will shift towards managing Apple’s external affairs, strengthening the company’s interactions with governments, policymakers, and vital international markets.
Ternus now bears the responsibility of steering Apple’s product strategy and managing its operations. His extensive experience within the company is expected to play a crucial role in continuing the legacy of innovation and success that has characterized Apple’s journey under Cook’s leadership.