When Will Tim Cook Step Down as Apple CEO? Here's What Reports Say

1 week ago 6

There has been expanding treatment astir Tim Cook yet stepping down arsenic Apple's CEO, but reports person offered differing timelines.

A fewer months ago, the Financial Times reported that Apple was preparing for Cook to measurement down arsenic soon arsenic aboriginal 2026. In his Power On newsletter today, however, Bloomberg's Mark Gurman said that timeframe "seems unlikely."

Gurman antecedently said helium would beryllium "shocked" if Cook stepped down earlier the mediate of 2026, truthful helium mightiness stay CEO done WWDC successful June astatine a minimum.

There has been speculation that Cook mightiness go the president of Apple's committee of directors aft helium steps down arsenic CEO, but it seems similar that modulation volition not hap imminently, arsenic Apple's existent president Arthur D. Levinson is up for re-election astatine the company's annual shareholders gathering connected February 24.

Apple has a line stating that directors mostly whitethorn not basal for re-election aft property 75, but the institution asked shareholders to marque an exemption for Levinson, owed to his important acquisition and expertise among different factors.

Apple's Senior Vice President of Hardware Engineering, John Ternus, is widely viewed arsenic Cook's astir apt successor. Earlier this week, Gurman reported that Cook gave oversight of Apple's plan teams to Ternus astatine the extremity of past year, and helium said this determination makes it "crystal clear" that Ternus is the starring CEO candidate.

Cook has been Apple's CEO since August 2011, and helium reached the emblematic status property of 65 past year. It is sounding much and much apt that his clip successful complaint of the institution is inching towards the end, but Gurman seems assured that a passing of the baton is inactive galore months distant astatine least, alternatively than thing that is imminent.