Apple Inc. is accelerating its succession planning as CEO Tim Cook prepares to step down as early as next year, according to a report by the Financial Times. The tech giant is unlikely to announce a new CEO before its next earnings report in late January, which coincides with the crucial holiday season. John Ternus, Apple’s Senior Vice President of Hardware Engineering, is widely regarded as the frontrunner to succeed Cook, sources familiar with the matter revealed. The company’s board and senior executives have reportedly intensified discussions to ensure a smooth transition after Cook’s 14-year tenure. Cook assumed the CEO role in 2011, following the resignation of Apple co-founder Steve Jobs, who revolutionized the tech industry. Apple’s leadership change comes at a pivotal moment as the company continues to innovate in a competitive global market.
Apple CEO Tim Cook to step down as soon as next year: Financial Times
