John Ternus assumed Apple’s CEO role on September 2, succeeding Tim Cook, who became executive chairman after 15 years as chief executive. Apple’s SEC disclosure puts Ternus’s fiscal 2027 target compensation at about $58 million and Cook’s package at $47 million, with Cook’s $2 million salary and $45 million equity award effective September 26. As executive chairman, Cook will keep assisting Apple, including engaging policymakers worldwide, after a tenure in which he managed high-stakes relationships with the U.S. administration and the Chinese government while Apple’s market capitalization grew from roughly $347 billion to $4.6 trillion. The company has also expanded U.S. manufacturing commitments to $600 billion over four years amid tariff pressure. Ternus now leads Apple through major artificial-intelligence and product challenges.