Sources close to Apple's board of directors are suggesting that Tim Cook, the company's chief executive officer for over 14 years, may step down as early as next year. The news comes after the recent retirement of COO Jeff Williams, who has left behind a power vacuum at the tech giant.
According to reports from the Financial Times, Apple is moving forward with a succession plan and John Ternus, senior vice-president of hardware engineering, is reportedly being considered for the top spot. Ternus has been instrumental in leading Apple's hardware development efforts and his involvement in the company's shift towards outsourcing manufacturing could be a key factor in his potential candidacy.
Cook, who recently celebrated his 65th birthday, has overseen Apple's incredible growth over the years, but has also faced controversy, including criticism for the company's environmental and labor practices. While Cook has stated that there is a strong preference for an internal candidate to take over as CEO, it remains to be seen whether Ternus or another internal candidate will ultimately be chosen.
The news comes at a time of significant change within Apple's executive leadership team. Williams' retirement has led to shuffling of responsibilities among various executives, including expanded roles for Services chief Eddy Cue and head of software engineering Craig Federighi.
It is worth noting that Apple's board of directors is expected to take an active role in identifying and grooming the next CEO, with a focus on internal candidates. Cook himself has emphasized the importance of finding someone within the company who can drive growth and innovation.
Whatever happens next, one thing is clear: the future of Apple will likely be shaped by the leadership style and vision of its new CEO. With the tech industry continuing to evolve at breakneck pace, it's essential that whoever takes over as CEO is well-equipped to navigate the challenges ahead.
According to reports from the Financial Times, Apple is moving forward with a succession plan and John Ternus, senior vice-president of hardware engineering, is reportedly being considered for the top spot. Ternus has been instrumental in leading Apple's hardware development efforts and his involvement in the company's shift towards outsourcing manufacturing could be a key factor in his potential candidacy.
Cook, who recently celebrated his 65th birthday, has overseen Apple's incredible growth over the years, but has also faced controversy, including criticism for the company's environmental and labor practices. While Cook has stated that there is a strong preference for an internal candidate to take over as CEO, it remains to be seen whether Ternus or another internal candidate will ultimately be chosen.
The news comes at a time of significant change within Apple's executive leadership team. Williams' retirement has led to shuffling of responsibilities among various executives, including expanded roles for Services chief Eddy Cue and head of software engineering Craig Federighi.
It is worth noting that Apple's board of directors is expected to take an active role in identifying and grooming the next CEO, with a focus on internal candidates. Cook himself has emphasized the importance of finding someone within the company who can drive growth and innovation.
Whatever happens next, one thing is clear: the future of Apple will likely be shaped by the leadership style and vision of its new CEO. With the tech industry continuing to evolve at breakneck pace, it's essential that whoever takes over as CEO is well-equipped to navigate the challenges ahead.