Apple CEO Tim Cook’s potential successors feature – Business News
The record of potential contenders to succeed Tim Cook because the subsequent CEO of Apple contains a minimum of 4 high executives on the tech giant – although the precise timing of his exit stays unclear.
John Ternus, the 50-year-old head of Apple’s {hardware} division, is taken into account the frontrunner, in keeping with The Wall Street Journal and Bloomberg. He is chargeable for overseeing the flagship iPhone – which nonetheless rakes within the bulk of Apple’s income – in addition to different units like Mac computer systems and AirPods.
Another high contender is longtime Apple software program chief Craig Federighi, who takes heart stage annually on the tech giant’s high-profile Worldwide Developers Conference. Federighi, 56, not too long ago grow to be more concerned in Apple’s efforts to combine artificial intelligence after some embarrassing early missteps led to an inner management shakeup.
Tim Cook has led Apple since 2011. REUTERS
Eddy Cue, the 61-year-old head of Apple’s companies division, can also be on the record. Cue has labored carefully with Cook all through his tenure and was additionally notably close with the late Steve Jobs, the Apple co-founder who preceded Cook as CEO.
The fourth high contender, in keeping with The Journal, is Greg Joswiak, the 61-year-old head of Apple’s advertising and marketing division. Known as “Joz,” he’s closely concerned in Apple’s annual iPhone promotions and likewise stepped in to deal with some of the PR fallout when the AI launch fell flat with buyers and customers alike.
John Ternus speaks during Apple’s annual world large developer convention in San Jose, Calif., in 2017. REUTERS/Stephen Lam/File Photo REUTERS
Apple didn’t instantly return The Post’s request for remark.
Apple veep Craig Federighi showcases how Big Sur and Apple’s superior software program applied sciences are optimized in November 2020. through REUTERS
There is no set timeframe through which Cook should step down as CEO. While he’s 65 years outdated, Apple doesn’t require its high government to step down at a specific age – not like some corporations.
Eddy Cue speaks in New York City on Oct. 15. (Photo by Pamela Smith/Getty Images) Getty Images
Last month, the Financial Times reported that Apple’s board was “stepping up” its succession planning. The report, which cited unnamed people accustomed to inner discussions, counsel that Cook may step down as quickly as subsequent 12 months.
Apple veep Greg Joswiak speaks during the keynote deal with on Apple’s Cupertino, Calif., campus in September 2019. (Photo by Justin Sullivan/Getty Images) Getty Images
Bloomberg tech correspondent Mark Gurman, a common source of Apple scoops, threw cold water on the notion that Cook’s exit may very well be imminent, noting in his publication this week that there have been “few signs internally” that the exec was able to depart within the close to future.
Cook, who has overseen Apple’s surge from a market valuation of about $350 billion in 2011 to $4 trillion as we speak, is extensively anticipated to take over as chairman as soon as he exits the CEO gig.
He confirmed that Apple had “very detailed succession plans” during a November 2023 podcast look alongside singer Dua Lipa.
At the identical time, Cook mentioned he liked his work and anticipated to be at Apple’s helm for “a while.”
“I really want the person to come from within Apple, the next CEO,” the exec mentioned. “So that’s my role: That there’s several for the board to pick from.”
