According to financial news, Tim Cook, Apple’s CEO for 14 years, could step down next year. Senior Vice President of Hardware Engineering, John Ternus, is considered the frontrunner for the position, according to the Financial Times. The board is actively working on a succession plan, with Ternus cited as the most likely candidate. Cook has overseen significant growth for Apple, and the company’s shift to outsourcing manufacturing has enabled significant scale. Rumors of his departure follow the departure of COO Jeff Williams, who was recently replaced. The executive restructuring of roles, including the expanded responsibilities of Services chief Eddy Cue and Craig Federighi, further underscores this strategic shift. While the future CEO remains unconfirmed, the company’s detailed succession plans suggest a strong internal focus.
Credits: The Verge
