Tim Cook could step down as Apple CEO next year

"According to the Financial Times, Tim Cook could step down as Apple CEO as early as next year. And the board has started to seriously work out a succession plan. FT says that John Ternus, Apple's senior vice-president of hardware engineering, is considered the frontrunner for the position. Cook, who turned 65 recently, has been CEO for 14 years and overseen both incredible growth and his fair share of controversies."

"He's also largely seen as responsible for Apple's shift to outsourcing manufacturing, which has enabled it to operate at much larger scales than it did traditionally. Rumors of Cook's stepping down follow the retirement of Apple COO Jeff Williams, whose last day at the company was Friday. As part of that departure, there has been some shuffling of responsibilities at the executive level, including expanded roles for Services chief Eddy Cue, head of software engineering Craig Federighi, and Ternus."

Tim Cook could step down as Apple CEO as early as next year, and the Apple board has begun developing a formal succession plan. John Ternus, senior vice‑president of hardware engineering, is considered the frontrunner. Cook recently turned 65 and has led Apple for 14 years, overseeing major growth and controversies and steering a shift to outsourced manufacturing that enabled much larger-scale operations. The retirement of COO Jeff Williams triggered executive responsibility reshuffles, expanding roles for Eddy Cue, Craig Federighi, and Ternus. The company prefers an internal successor and maintains detailed succession plans.

Read at The Verge