According to Financial timesTim Cook may leave his post next year, and Apple’s board and senior executives have stepped up preparations to find his successor.
Cook, who led Apple for more than fourteen years, succeeded Steve Jobs and led the company to a market capitalization of more than $4 trillion. Cook’s tenure since 2011 has overseen the launch of hardware including the Apple Watch, AirPods and Vision Pro, as well as services such as Apple Arcade and Apple TV+. According to Financial timesAccording to sources, Apple’s senior vice president of engineering, John Ternus, is likely to take over as CEO, but this decision is not yet final. Ternus worked at Apple since 2001 as part of the product design team before assuming the role of vice president of hardware engineering, where he played a key role in the company’s transition to Apple Silicon.
According to Financial timesApple does not plan to announce its new CEO before its earnings report in January. But the report also says that this announcement will be made early in the year so that the management team can make a smooth transition in time for all of Apple’s annual events. Earlier this year, Apple also announced Sabih Khan as its new Chief Operating Officer, succeeding Jeff Williams.