Is Tim Cook stepping down? Apple CEO's 65th birthday sparks rumours
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Is Tim Cook stepping down? Apple CEO's 65th birthday sparks rumours
"Apple's CEO Tim Cook has held a firm grip on the reins at the $4 trillion tech giant for 14 long years. However, with his 65th birthday less than a month away, rumours have begun to swirl that the long-time leader might be preparing to step down. Apple's top leadership has been remarkably stable since Steve Jobs left back in 2011, but Mr Cook's resignation could trigger a huge shakeup."
"The person once considered to be next in line for the Apple throne was COO Jeff Williams. After a decade as Mr Cook's number two and having overseen the extremely successful launch of the Apple Watch, Mr Williams, 62, had been seen as the natural successor. But that all changed in July when Mr Williams announced he would be giving up the top role and preparing to leave the company next year."
"According to Bloomberg's Mark Gurman, whose reporting on the company is usually extremely accurate, the top contender for the CEO position is the current senior vice president of Hardware Engineering, John Ternus. Since joining Apple's product engineering team in 2001, Mr Ternus has worked on the hardware for almost every major product in Apple's current lineup, from the latest generation of iPhones to the hugely successful AirPods."
Tim Cook has led Apple for 14 years and may be preparing to step down as his 65th birthday approaches. Top leadership stability since 2011 could be disrupted by his resignation. No formal succession plan exists, but a few executives are seen as potential successors. Jeff Williams, previously the apparent heir, will leave the company next year after relinquishing the top role. John Ternus, senior vice president of Hardware Engineering, is now viewed as the leading contender due to his long tenure, hardware experience, and role in developing Apple's in-house chips. Age and technical background are key considerations.
Read at Mail Online
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