"Apple is getting serious about succession planning, according to a new report in The Financial Times. The company's board and senior executives are reportedly preparing for the possibility that Tim Cook could step down as CEO as soon as early next year. This would come after Apple's earnings report in late January, giving the new leadership team time to settle into their roles before Apple's big events like the Worldwide Developers Conference in June."
"The 65-year-old Cook has been Apple's chief executive since Steve Jobs resigned in 2011; he's now served as CEO for longer than Jobs. Under his leadership, Apple has grown from a market capitalization of $350 billion to $4 trillion, although the company has apparently struggled to find the right direction with AI. No final decisions have been made about Cook's successor or the timing of his departure, the FT says. However, Apple's senior vice president of hardware engineering John Ternus is reportedly seen as the most likely candidate for the company's next CEO."
Apple's board and senior executives are preparing for the possibility that Tim Cook could step down as CEO as soon as early next year. Any transition would likely follow the company's earnings report in late January, providing time for the new leadership to settle before major events like the Worldwide Developers Conference in June. Cook, 65, has been CEO since Steve Jobs resigned in 2011 and has led Apple from a market capitalization of $350 billion to $4 trillion. The company has struggled to find the right direction with AI. No final decisions on a successor or timing have been made, and John Ternus is viewed as the most likely candidate.
Read at TechCrunch
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