Apple is getting serious about succession planning, according to A new report from The Financial Times,
The company’s board and senior executives are reportedly preparing for the possibility that Tim Cook may step down as CEO early next year. This will come after Apple’s earnings report in late January, giving the new leadership team time to settle into their roles before big Apple events like the Worldwide Developers Conference in June.
Cook, 65, has been Apple’s chief executive since Steve Jobs resigned in 2011; He now serves as the CEO longer than jobsUnder his leadership, Apple’s market capitalization grew from $350 billion to $4 trillion, although the company apparently Struggled to find the right direction with AI,
The FT says no final decision has been made about Cook’s successor or the timing of his departure. However, John Ternes, Apple’s senior vice president of hardware engineering, is reportedly being seen as the most likely candidate for the company’s next CEO.
