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42m ago

Apple Accelerates CEO Succession Planning as Tim Cook Could Step Down Next Year

Reports indicate the board has intensified internal planning, with no successor expected before the late-January earnings call.

Tim Cook’s long-term reign at Apple may end soon; here’s what reports are saying.
Tim Cook
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Overview

  • The Financial Times reports that John Ternus, who leads all hardware engineering, has emerged as the leading internal candidate to succeed Tim Cook.
  • Sources cited by the FT say no final decision has been made and the timing of any announcement could change.
  • Apple, Tim Cook, and John Ternus have not commented on the reported succession discussions.
  • Reporting indicates the transition planning is not tied to current performance, with a strong holiday quarter still anticipated.
  • Recent leadership shifts provide context, including former COO Jeff Williams’ retirement and the CFO role moving from Luca Maestri to Kevan Parekh.