Apple’s leadership shift: CEO John Turnas gets $58 million, Cook moves to chairman

Apple’s leadership restructuring was confirmed in a filing with the U.S. Securities and Exchange Commission. John Turnas, previously senior vice‑president of hardware engineering, will step into the chief executive role and receive a compensation package valued at roughly 58 million dollars for fiscal year 2027. Tim Cook, after 15 years as CEO, will become executive chairman and see his annual salary fall to two million dollars. His stock award will be 45 million dollars, with half performance‑linked. Cook’s total compensation in 2025 was reported as 74.3 million dollars.