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Apple Steps Up CEO Succession Planning as Tim Cook Could Exit Next Year

No successor is expected to be named before Apple’s late‑January earnings call.

Overview

  • The Financial Times reports that Apple’s board and senior executives have recently intensified planning for the CEO transition.
  • Hardware chief John Ternus, who oversees iPhone, iPad, Mac and AirPods programs, is viewed internally as the leading contender, though no final decision is reported.
  • Sources say the process is long planned and not related to current business performance or the holiday‑quarter sales outlook.
  • People familiar with the talks caution that the timing of any announcement could still change despite the increased preparation.
  • Apple has not commented publicly, as other leadership moves include COO Jeff Williams’ retirement and a CFO transition from Luca Maestri to Kevan Parekh.