After almost 15 years on the helm, Tim Cook dinner is stepping down as CEO of Apple, an organization he has helped propel to a staggering $4 trillion valuation. However who will take the reins? John Ternus, Apple’s senior vp of {Hardware} Engineering. The person behind the corporate’s most iconic merchandise: the iPhone, iPad, and Mac. He might be stepping up as Apple’s subsequent chief govt officer, efficient on 1 September 2026.
Who’s John Ternus?
John Ternus is at the moment the senior vp of {Hardware} Engineering. He holds a bachelor’s diploma in Mechanical Engineering from the College of Pennsylvania. He joined Apple in 2001, rose to vp in 2013, and have become senior vp in 2021. Earlier than that, he labored as a mechanical engineer at Digital Analysis Techniques.John Ternus has been the cornerstone of Apple’s {hardware} innovation for almost twenty years. He has overseen {hardware} engineering for groundbreaking merchandise throughout each class. He was particularly instrumental in creating a number of merchandise, such because the iPad and AirPods, in addition to many generations of the iPhone, Mac, and Apple Watch. His work on the firm has been essential to the worldwide reputation of the Mac, which additionally led to the event of the latest MacBook Neo. Ternus additionally oversaw the latest line of iPhones for the corporate. He has all the time targeted on product reliability and sturdiness.Whereas Cook dinner will proceed in his function by way of the summer time and work carefully with Ternus for a clean transition, he stated: “John Ternus has the thoughts of an engineer, the soul of an innovator, and the guts to steer with integrity and with honour. He’s a visionary whose contributions to Apple over 25 years are already too quite a few to depend, and he’s with out query the proper particular person to steer Apple into the longer term. I couldn’t be extra assured in his talents and his character, and I sit up for working carefully with him on this transition and in my new function as govt chairman.”Ternus has spent most of his profession at Apple, working underneath Steve Jobs, whereas Tim Cook dinner has been his mentor.
John Ternus’ internet price
John Ternus’ estimated internet price is roughly $75 million, in accordance with Movie star Web Value. The wealth primarily comes from his wage, bonuses, and inventory compensation, which he amassed over greater than twenty years on the firm. When he steps up as CEO this September, Ternus will take dwelling a compensation construction akin to Cook dinner’s, which was $74.6 million in complete remuneration final yr alone. This features a $3 million base wage and inventory awards.
