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2d ago

Executive Exodus, AI Setbacks Fuel Calls for Cook Successor as Board Backs CEO

Apple’s board remains firmly behind Cook, positioning him for the chairmanship despite calls from analysts for a product-centric successor

Cook has struggled to prove to Wall Street that Apple has an AI strategy that's paying off.
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Overview

  • COO Jeff Williams announced he will retire by year-end after 27 years, with Sabih Khan named to succeed him in operations.
  • High-profile AI figures Ruoming Pang and Tom Gunter have departed Apple recently, intensifying concerns about leadership continuity in AI development.
  • Planned AI rollouts, including enhanced Apple Intelligence features and Siri upgrades, have been delayed to 2026 due to technical challenges.
  • Apple’s stock has dropped about 7.2% over the past year, lagging behind major indices as investors question its AI strategy.
  • LightShed Partners analysts caution that Apple may need a product-focused chief executive to navigate the AI era and sustain its innovation momentum.