Tim Cook could step down as Apple CEO next year

Wave goodbye.

According to the Financial Times, Tim Cook could measurement down arsenic Apple CEO arsenic aboriginal arsenic adjacent year. And the committee has started to earnestly enactment retired a succession plan. FT says that John Ternus, Apple’s elder vice-president of hardware engineering, is considered the frontrunner for the 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 the retirement of Apple COO Jeff Williams, whose past time astatine the institution was Friday. As portion of that departure, determination has been immoderate shuffling of responsibilities astatine the enforcement level, including expanded roles for Services main Eddy Cue, caput of bundle engineering Craig Federighi, and Ternus. 

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