Apple CEO Tim Cook to step down as soon as next year: Financial Times

Apple is stepping up its succession planning efforts as it prepares for Tim Cook to step down as chief executive of the tech giant as soon as next year, the Financial Times reported on Friday.

John Ternus, Apple's senior vice president of hardware engineering, is widely seen as Cook's most likely successor, the FT reported, citing several people familiar with discussions.

Recommended For You

Airbus prepares A320 inspections in 628 planes as fuselage flaw hits deliveries

Norris won't ask Piastri to gift him F1 title in Abu Dhabi GP

UAE team hoists portraits of founding leaders, flag on French Alps braving -3ºC weather

George Clooney is curious about Travis Kelce's post-retirement plans

Haaland proud after making Premier League history with 100th goal

 

The newspaper quoted people familiar with discussions inside the iPhone maker as saying its board and senior executives had recently intensified preparations for Cook to hand over the reins after more than 14 years.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

Apple is unlikely to name a new CEO before its next earnings report in late January, which covers the critical holiday period, the FT said.

Cook became CEO in 2011 after Silicon Valley legend Steve Jobs resigned, ending his reign at the technology giant he co-founded in a garage.