The Financial Times reports that Tim Cook may step down as Apple CEO as soon as next year, and the board has begun actively preparing a succession plan. John Ternus, Apple’s SVP of hardware engineering, is seen as the leading internal candidate.
Cook, now 65, has led Apple for 14 years, overseeing major growth and a manufacturing shift toward large-scale outsourcing. The rumors follow the retirement of COO Jeff Williams, which triggered broader executive reshuffling involving Eddy Cue, Craig Federighi and Ternus.
Apple is expected to choose an internal successor, as Cook has emphasized the company’s strong internal succession planning.
Source: The Verge
