key takeaways
- Tim Cook has worked at Apple for nearly three decades, starting in 1998 as senior vice president of operations.
- Cook, who has been Apple’s CEO since 2011, may be preparing to step down as early as next year, according to a new report.
- John Ternes, Apple’s senior vice president of hardware engineering, is considered the most likely successor to Cook.
Apple’s longtime CEO may be preparing to step down.
A recent report from The Financial Times Indications that Apple CEO Tim Cook may step down as early as next year have intensified preparations for his succession within the company. Cook, 65, has been Apple’s CEO since 2011, but he has worked at the company even longer, starting as senior vice president of operations in 1998.
According to the report, Apple’s board of directors and senior executives have “recently accelerated” their succession planning. Apple’s senior vice president of hardware engineering, John Ternes, 50, is widely seen as the most likely person to succeed Cook, although “no final decisions have been made” and the timing of any announcement could still change. foot,
Connected: New Apple technology will translate languages during conversations in real time
Succession preparations are not related to Apple’s current business performance, which is expected to be strong in the year-end sales period for the iPhone. Apple is unlikely to name a new CEO before its next earnings report in late January, including a required leave period. footAccording to the outlet, Apple is expecting revenue growth of 10% to 12% for the holiday quarter ending in December, driven by the iPhone 17 release in September,
If Turnus is appointed CEO, he will be charged with helping Apple break into AI and keep up with other tech giants. according to LuckApple has been under scrutiny this year for not having a clear AI strategy. The company’s AI-enabled Siri, which was supposed to arrive this year, has arrived Delayed to 2026 Or later due to technical problems.
Other longtime Apple executives have recently departed the company. Jeff Williams, former Chief Operating Officer of Apple, retired last week After overseeing Apple’s operations for a decade. to cook Said The following about Williams: “Without him Apple would not be what it is. He has helped build one of the most respected global supply chains in the world.”
Connected: How much does Apple pay its employees?
Meanwhile, former Apple CFO Luca Maestri made an infection to the role of vice president of corporate services in January. Cook said in an earnings call Last year he was deeply grateful for Maestri’s “truly extraordinary work in shaping Apple as we know it today.” Maestri became CFO in 2014 and has overseen Apple’s growth over the past decade. Apple’s market capitalization increased under his leadership $700 billion in 2014 $3.69 trillion In January. Apple crossed the $4 trillion mark for the first time last month.
Apple’s new CFO Kevan ParekhWho has been with the company for more than a decade.
For the fourth quarter of its fiscal year, Apple generated record revenue of $102.5 billion, including a September quarter revenue record for the iPhone and an all-time revenue record for Services, Cook said said in a statementThe company’s revenue reached $416 billion in the fiscal year, its highest level ever,
key takeaways
- Tim Cook has worked at Apple for nearly three decades, starting in 1998 as senior vice president of operations.
- Cook, who has been Apple’s CEO since 2011, may be preparing to step down as early as next year, according to a new report.
- John Ternes, Apple’s senior vice president of hardware engineering, is considered the most likely successor to Cook.
Apple’s longtime CEO may be preparing to step down.
A recent report from The Financial Times Indications that Apple CEO Tim Cook may step down as early as next year have intensified preparations for his succession within the company. Cook, 65, has been Apple’s CEO since 2011, but he has worked at the company even longer, starting as senior vice president of operations in 1998.
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