The Tim Cook chapter at Apple is coming to an end.

Apple announced on Monday that Cook is stepping down as CEO, effective September 1, 2026. Cook will remain at Apple as executive chairman.

John Ternus, Apple's senior vice president of hardware engineering, will be taking the helm as chief executive.

Cook called his tenure as CEO "the greatest privilege of my life" in Apple's news release.

"I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world," Cook said.

This is a developing story…