Tim Cook Steps Down as Apple CEO, Assumes Executive Chair Role

Summary

Tim Cook has stepped down as Apple CEO, handing the role to John Ternus, but will remain as executive chair with an annual salary of $2 million, effective September 26. Cook, known as the "Trump whisperer" for his ability to navigate political relations, will continue to engage with policymakers globally, leveraging his experience with tariff negotiations and US-China tensions.