according to financial TimesTim Cook may be set to step down as soon as next year, and Apple’s board and senior executives have stepped up their preparations to secure his replacement.
Cook, who served at the helm of Apple for more than 14 years, replaced Steve Jobs and led the company to a market capitalization of more than $4 trillion. Cook’s tenure since 2011 has seen the introduction of hardware including the Apple Watch, AirPods, and Vision Pro, but also services like Apple Arcade and Apple TV+. according to financial TimesAccording to sources, Apple’s senior vice president of engineering, John Ternes, will likely take over the role of CEO, but the decision has not yet been finalized. Ternes has been with Apple since 2001 as part of its product design team and eventually rose to the role of vice president in the hardware engineering division, where he played a key role in transforming the company into Apple Silicon.
according to financial TimesApple is not planning to announce a new CEO before its January earnings report. However, the report also says that the announcement will be made early in the year to allow the leadership team to make a smooth transition in time for all of Apple’s annual events. Earlier this year, Apple announced Sabih Khan as the new Chief Operating Officer, replacing Jeff Williams.