Tim Cook, formerly the chief executive officer of Apple, has transitioned into the role of executive chair, bringing with him a compensation package estimated at $47 million. This package comprises a $2 million base salary and an impressive $45 million in shares. The stock award is notably structured with half contingent on performance targets, while the remainder will vest over a four-year period.
John Ternus, who has taken over the CEO role from Cook, will earn a base salary of $3 million and a stock award valued at $55 million. Ternus’s compensation package places a greater emphasis on performance metrics, reflecting the company’s focus on maintaining its innovative edge under new leadership.
During Cook’s tenure as CEO, which saw his compensation surpass $74 million in 2025, Apple experienced remarkable growth, with its market value soaring to approximately $4.7 trillion. This period of expansion laid a robust foundation for the company as it continues to navigate the competitive tech landscape.
In his new capacity as executive chair, Cook will direct his efforts towards managing Apple’s external relations, including engagement with governments and policymakers. Additionally, he will oversee the company’s strategic connections with significant international markets, a crucial area for Apple as it seeks to maintain and expand its global influence.
Ternus, who has been with Apple for a substantial period, previously led the hardware engineering division. As the new CEO, he is tasked with steering Apple’s product strategy and operations, ensuring the company remains at the forefront of technological innovation and continues its trajectory of success.