Tim Cook may potentially resign from his role as CEO of Apple as early as next year, according to a report from the Financial Times. The Apple board is reportedly in the process of formulating a succession plan, with John Ternus, the company’s senior vice-president of hardware engineering, emerging as a leading candidate for the position.
Speculation regarding Cook’s departure has intensified following the recent retirement of Apple’s Chief Operating Officer, Jeff Williams, whose last day with the company was a week ago. This transition has prompted a reorganization at the executive level, resulting in expanded responsibilities for several top executives, including Eddy Cue, head of Services; Craig Federighi, head of software engineering; and Ternus.
If the company does undergo a leadership change, it is expected that the new CEO will likely be an internal promotion rather than an external hire. Cook has previously indicated a strong preference for an internal candidate, claiming that Apple has “very detailed succession plans” in place. This context suggests that Apple is actively preparing for a significant leadership transition while maintaining its established corporate culture.
Source: https://www.theverge.com/news/821691/tim-cook-step-down-apple-ceo-next-year