Tim Cook has transitioned from his role as Apple’s chief executive to the position of executive chair, receiving a compensation package valued at approximately $47 million. This package comprises a $2 million base salary, complemented by $45 million in shares. Notably, half of the stock award is contingent upon meeting performance targets, with the remaining portion set to vest over the span of four years.
In his new capacity as executive chair, Cook will concentrate on managing Apple’s external affairs, which include cultivating relationships with governments, policymakers, and key international markets. This strategic shift follows Cook’s successful tenure as CEO, during which Apple’s market capitalization soared to an impressive $4.7 trillion.
John Ternus, who has taken over the CEO role from Cook, brings extensive experience to the position as a veteran Apple executive and former head of hardware engineering. Ternus will be responsible for guiding the company’s product strategy and overseeing operations. His compensation includes a $3 million base salary and a $55 million stock award, with a significant portion of his package also tied to performance metrics.
Cook’s compensation as Apple’s CEO once surpassed $74 million in 2025, reflecting his pivotal role in steering the company through a period of remarkable growth. As he steps into the executive chair role, Cook’s focus will pivot to navigating the complex landscape of global governmental and market relationships, ensuring Apple’s continued leadership in the tech industry.