John Ternus is set to receive a substantial compensation package as he takes on the role of Apple CEO, though it falls short of what predecessor Tim Cook earned in the position. The leadership transition has now taken place, with Cook moving into the Executive Chairman role and Ternus assuming the chief executive position.
For fiscal 2027, Ternus is due to earn a EUR 3 million annual salary alongside a stock grant targeting a value of EUR 47 million, bringing his total to approximately EUR 50 million before any bonuses are calculated. Converted to sterling, that amounts to a roughly £2.4 million salary and a stock award targeting around £43 million, for a combined figure of about £45 million.
How the figures compare
By way of comparison, Tim Cook was paid approximately EUR 64 million through 2025, a sum that included his salary, stock grants and bonuses. In sterling terms, that equates to roughly £58 million. Ternus therefore steps into the role on a lower overall package than Cook commanded, at least before bonuses are factored into the equation.
In his new capacity as Executive Chairman, Cook is taking a slight reduction in pay. He is set to receive a EUR 2 million salary, or around £1.6 million, alongside a stock package valued at EUR 39 million, roughly £35 million.
A transition years in the making
The Apple CEO transition marks a significant shift at the top of the company, with the compensation arrangements structured across the coming fiscal years. While such pay figures have little bearing on the firm’s day-to-day operations, they offer a window into how Apple is positioning its senior leadership for the period ahead.
Ternus’s stock grant is tied to a target value rather than a fixed cash sum, meaning the ultimate figure he receives will depend on performance conditions. His EUR 3 million base salary for fiscal 2027 sits above the EUR 2 million that Cook will draw in the Executive Chairman role.
Source
Image: appleinsider.com
