Apple is intensifying its succession planning efforts, as the company “prepares for Tim Cook to step down as chief executive as soon as next year,” Financial Times reports.
Tim Bradshaw, Stephen Morris, Michael Acton, and Daniel Thomas for Financial Times:
Several people familiar with discussions inside the tech group told the Financial Times that its board and senior executives have recently intensified preparations for Cook to hand over the reins at the $4tn company after more than 14 years.
John Ternus, Apple’s senior vice-president of hardware engineering, is widely seen as Cook’s most likely successor, although no final decisions have been made, these people said… The company is unlikely to name a new CEO before its next earnings report in late January, which covers the critical holiday period.
An announcement early in the year would give its new leadership team time to settle in ahead of its big annual keynote events, its developer conference in June and its iPhone launch in September, the people said.
These people said that although preparations have intensified, the timing of any announcement could change.
MacDailyNews Take: The sooner, the better. Apple deserves a visionary, charismatic leader.
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
Good riddance Tim Cook. Really overdid it on destroying Steve Jobs’ legacy. Apple, thanks to Tim Cook, is just another company bent on trying to get as much money from consumers as possible for as little benefit as possible to save on costs and just care about profits.
When Cook became CEO, Apple stock price was in the neighborhood of $15. It’s now over $270, and the company is worth over $4 trillion.
Maybe you’re right, and 1.4 billion customers are wrong.
Yea same thing happened with John Skulley. Thanks for sharing your ignorance so we can weigh your comments accordingly from now on.
When we die (as all of us must do), who remembers the stock price? But we do remember Steve’s wanting to delight customers, bring elegance and beauty to the world, empowering everyone with his ‘bicycle for the mind.’ Tim Cook, when he kicks the bucket, nobody’ll care ‘cuz he never did anything that impacted the heart and the scheme of Life.
It cannot be denied that Apple stock value has risen greatly under Cook, but what the numbers don’t show is the intangible. For example, I was a diehard Apple fan going back to the Apple II. Nobody was more passionate for everything Apple; well, mostly. I got what Jobs and crew set out to do, and I appreciated the excellence they delivered, not perfection, but nobody did it better — not even close for that matter. But today, Apple has veered far from the maverick Apple, that scrappy corporation that fought for every customer, maintaining a delicate balance between platform control and user freedom. Cook got the corporate control down pat, but destroyed user freedom in the process. Not a single Apple product can be updated, forcing consumers to buy more than they need at absurdly high markup if they prefer to hang on to hardware for years. I hate greed. I like freedom of choice. And, I no longer am passionate for Apple. I nearly loathe Apple for that matter today. I still buy Apple because of my tech heritage, but it leaves a bad taste in my mouth every time. Apple goodwill, an intangible, has been utterly destoyed. Maybe new leadership will set the good ship Apple back on course, but I’m not holding my breath. Rather, I keep my eyes out for two guys in a garage building the next great thing. Time will tell.
I don’t think there are many who can appreciate what it takes to build a company into a $4T entity. I certainly don’t. But I don’t think Jobs could have done it. He was great at style and vision, but to put together all the moving parts that deliver 250 million of extremely complex gadgets every year is an astounding achievement.
I think of Apple in terms of the 1776 revolution. It was a once in a lifetime event, and the next 250 years have been spent trying to perfect it, to “create a more perfect union”.
Apple under Jobs created a revolution of sorts, but it Cook to bring his vision to fruition, and while the current state of affairs isn’t perfect, I think it’s headed in the right direction. The products today are better than they’ve ever been.
… when he goes, be sure to load up that garbage rainbow altar out in the courtyard to dysfunctional sickos of the world. Straight to the dump’s compost cesspool.
I guess you forgot about the rainbow Apple logo from 1977. Idiot.
The original six-color Apple logo was created to capitalize on the Apple II’s color capability which no other personal computer had in 1977. It had nothing to do with either politics or sexual orientation.
should wait for the departure of our new Mussolini before forcing a new CEO to get his hands (and knees) dirty with this mega-liar!
Look at insider trading, he just took $150,000,000 in stock sales !
Apple needs a visionary. They are now at an impass and have been for last couple years. New ideas, new products are needed. Company is executing perfectly on existing capability, but where does the future go? No one knows.
The future belongs to John Ternus, Apple’s SVP of Hardware Engineering who will succeed Cook. Expect a greater focus on new and innovative hardware complemented by rapidly improving AI.
He lost me with that pathetic toy gift op with Trump. Embarrassing the company and all of its users.