Tim Cook, who has led Apple Inc. since 2011, will transition to the role of executive chairman in September 2026, as announced on April 20, 2026. Cook, aged 65, has been instrumental in Apple's growth, expanding its product line and increasing its market value from approximately $350 billion to a staggering $4 trillion. His leadership has seen Apple's annual revenue rise from $108 billion in fiscal year 2011 to over $416 billion in fiscal year 2025. Cook's net worth stands at $2.9 billion, with a significant portion derived from his stake in Apple. He has sold over $1 billion worth of shares throughout his career. While his base salary has remained at $3 million for nearly a decade, his total compensation peaked at $99.4 million in 2022, before he voluntarily reduced it to $63.2 million in 2023 in response to shareholder concerns. His compensation rebounded to $74.6 million in 2024, driven by stock awards and performance bonuses.