Apple has set new CEO John Ternus’ target compensation at $58 million, according to an updated SEC filing (PDF) (via Bloomberg). Tim Cook will earn approximately $47 million in his new role as executive chairman. Ternus’ compensation package for fiscal 2027 includes a salary of $3 million and an annual stock award with a target…
In his first memo to Apple employees as CEO today, John Ternus announced a “huge launch next week that’s going to be phenomenal.” In a social media post today, Apple Chief Marketing Officer Greg Joswiak said Apple has “more to say” on Wednesday, September 9, when the company will host its next special event, starting…
John Ternus officially became CEO of Apple today, while Tim Cook steps into the new role of executive chairman. Ternus sent his first note as CEO to employees this morning, congratulating Cook and sharing his enthusiasm for Apple’s future. Woozad obtained a copy of the memo, which you can read in full below. Team, Today,…
Apple’s new CEO, John Ternus, now has an X account and he has already shared his first message to greet the world. Ternus did not have a public social media presence before today. Tim Cook is now executive chairman of Apple and his own X account description has been updated to reflect this change. Popular…
Apple’s former head of hardware engineering, John Ternus, officially became CEO of the company today, with the change now reflected on Apple’s leadership page. Ternus joined Apple in 2001, became vice president of hardware engineering in 2013, and became senior vice president of hardware engineering in 2021. He is 51, so he could serve as…
Tim Cook has shared a glimpse of the work he’s doing behind the scenes as he prepares to step down as Apple CEO next week. Cook has been preparing new CEO John Ternus for the transition over the past few months, and today he introduced Ternus to the popular Pokémon character Pikachu. Cook said he…
Apple CEO Tim Cook and new CEO John Ternus will attend this year’s Sun Valley conference, according to Forbes. Allen & Co., the investment firm behind the event, uses the conference as an annual excuse to bring media, technology and finance executives together in the same rooms for a week of closed-door discussions at Sun…
New Apple CEO John Ternus has signed off on a major overhaul of Apple’s Vision Pro and smart glasses projects, solidifying Apple’s work in the category. According to Apple analyst Ming-Chi Kuo, Ternus has canceled plans for a second Vision Pro and a lighter Vision Air. Kuo says there are only two smart glasses products…
In his new role as chief hardware officer, Johny Srouji, Apple’s longtime head of chip manufacturing, has reorganized the company’s hardware development leadership “to accelerate work on future devices,” according to BloombergIt’s Mark Gurman. The shakeup aims to bring chip and product development closer together. “The hardware redesign also aims to better integrate teams working…