Tim Cook Could Step Down As Apple Ceo Next Year

Wave goodbye.

According to nan Financial Times, Tim Cook could measurement down arsenic Apple CEO arsenic early arsenic adjacent year. And nan committee has started to earnestly activity retired a succession plan. FT says that John Ternus, Apple’s elder vice-president of hardware engineering, is considered nan frontrunner for nan position.

Cook, who turned 65 recently, has been CEO for 14 years and overseen some incredible growth and his fair share of controversies. He’s besides mostly seen as responsible for Apple’s displacement to outsourcing manufacturing, which has enabled it to run astatine overmuch larger scales than it did traditionally. 

Rumors of Cook’s stepping down travel nan retirement of Apple COO Jeff Williams, whose past time astatine nan institution was Friday. As portion of that departure, location has been immoderate shuffling of responsibilities astatine nan executive level, including expanded roles for Services main Eddy Cue, caput of package engineering Craig Federighi, and Ternus. 

Regardless of who winds up taking complete arsenic CEO, it’s improbable to beryllium personification from extracurricular Apple. Tim Cook has antecedently said location is simply a beardown penchant for an soul campaigner and that nan institution has “very elaborate succession plans.”