#1
#1 out of 36.3M est. views0.00%
business6h ago
Tim Cook could step down as Apple CEO ‘as soon as next year’ - 9to5Mac
9to5mac.com and 2 more
- Apple has intensified succession planning for Tim Cook, with a potential transition unfolding as early as next year, signaling a formal handover timeline.
- John Ternus, Apple's hardware chief, is widely viewed as the leading internal candidate to succeed Cook, though no final decision has been made.
- Apple is unlikely to appoint a new CEO before its next earnings report in late January, preserving a transition window around the critical holiday season.
- Cook's leadership has helped position Apple as a global market leader, building immense scale and influence across multiple product categories.
- The succession process has been long-planned and is not tied to Apple’s current performance, according to insiders familiar with the FT reporting.
- Tim Cook, 65, has overseen Apple’s growth to a multitrillion-dollar valuation, underscoring the scale of the transition challenge for his successor.
- Cook’s 2024 compensation totaled about $74.6 million, with stock awards comprising the majority of his pay package.
- Cook holds roughly 3.28 million Apple shares, representing about 0.021% of the company, reflecting his enduring stake.
- Cook’s net worth is estimated around $2.5 billion, underscoring his status among the world’s wealthiest executives and business leaders.
- Apple’s evolving AI strategy remains a central issue, as leadership questions intersect with internal talent shifts and external competition.
Vote 30
