Apple reveals salary of new CEO and executive chairman:John Ternus to get ₹551 crore, Tim Cook ₹447 crore in new pay packages

Apple has a new CEO, but the change at the top comes with a huge price tag. John Ternus has officially taken over as Apple CEO from Tim Cook, and the company has now revealed how much both executives are set to earn in their new roles. According to Apple’s latest filing with the US Securities and Exchange Commission (SEC), Ternus will have a target compensation of around ₹551 crore. In comparison, Cook will receive about ₹447 crore as executive chairman. A large part of both packages will come in the form of Apple stock, meaning the final value could rise or fall depending on the company’s share price. How much will John Ternus earn? Ternus’ new package includes an annual salary of around ₹28.5 crore and a target stock award worth about ₹522.5 crore for fiscal 2027. He will also receive a prorated restricted stock unit (RSU) award worth around ₹23.7 crore for fiscal 2026. Most of Ternus’ stock award will depend on Apple’s performance. Around 75% of his ₹522.5 crore equity award will be performance-based, while the remaining 25% will be time-based stock that will vest over four years. What will Tim Cook earn? Cook will earn less after moving from the CEO role to executive chairman. His new package includes an annual salary of around ₹19 crore and planned stock awards worth approximately ₹428 crore for fiscal 2027. This takes his target compensation to around ₹447 crore. Half of Cook’s stock award will be performance-based, while the other half will be time-based and will vest over four years. Apple has also included a special condition for Cook. If he retires after the first anniversary of the stock grant, he can still receive the shares under the original vesting schedule. Also read: Tim Cook’s emotional farewell message as Apple CEO:’I know it is all because of you,’ he shared; read the full memo here

Cook earned ₹706 crore as Apple CEO last year Cook’s new compensation is significantly lower than what he received as Apple CEO. In 2025, Cook earned around ₹706 crore in total compensation. This included a salary of about ₹28.5 crore, performance-based cash compensation of around ₹114 crore, and stock awards worth approximately ₹546 crore. His move to executive chairman therefore comes with a substantial reduction in his annual compensation. Ternus takes charge after 15 years of Cook Ternus becoming CEO marks only the second change in Apple’s top leadership this century. Cook became Apple CEO in 2011, taking over from co-founder Steve Jobs. During his 15-year tenure, Apple grew into one of the world’s most valuable companies. Now, Ternus takes charge as Apple enters a new phase, with artificial intelligence becoming one of the biggest challenges for the company. The new CEO will be responsible for leading Apple’s next stage of growth while the company works to strengthen its position in the fast-changing AI industry. Source: The compensation details are based on Apple’s filing with the US Securities and Exchange Commission (SEC).