Apple is getting critical about succession planning, based on a new report in The Financial Times.
The corporate’s board and senior executives are reportedly getting ready for the chance that Tim Cook dinner may step down as CEO as quickly as early subsequent yr. This could come after Apple’s earnings report in late January, giving the brand new management workforce time to settle into their roles earlier than Apple’s large occasions just like the Worldwide Builders Convention in June.
The 65-year-old Cook dinner has been Apple’s chief govt since Steve Jobs resigned in 2011; he’s now served as CEO for longer than Jobs. Below his management, Apple has grown from a market capitalization of $350 billion to $4 trillion, though the corporate has apparently struggled to seek out the suitable path with AI.
No ultimate selections have been made about Cook dinner’s successor or the timing of his departure, the FT says. Nevertheless, Apple’s senior vice chairman of {hardware} engineering John Ternus is reportedly seen because the almost certainly candidate for the corporate’s subsequent CEO.
