Tim Cook to step down as chief executive as soon as next year – FT

Apple CEO Tim Cook
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:
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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.

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MacDailyNews Take: The sooner, the better. Apple deserves a visionary, charismatic leader.

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