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Apple Accelerates Planning for Tim Cook's Departure
- Apple is accelerating its succession planning as Tim Cook prepares to step down, possibly as soon as next year, the Financial Times reports Apple's board and senior executives have recently intensified preparations.
- People close to Apple say the long-planned transition is not tied to the company's performance, with Cook, who became CEO in 2011, set to conclude over 14 years at the helm.
- John Ternus, Apple’s Senior Vice President of Hardware Engineering, is widely considered the strongest internal candidate and would bring a hardware-focused perspective amid Apple's product and AI challenges.
- The company is unlikely to reveal a new CEO before its late-January earnings report covering the crucial holiday quarter, though an earlier announcement would let new leadership settle before Apple's major product events, sources close to planning say.
- Apple's $4 trillion market value raises the stakes as its stock performance has risen about 12 per cent this year, amid several executive changes in the senior team.
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Tim Cook has been head of Apple since 2011. Tim Cook could leave next year as CEO of the technology company...
·Brussels, Belgium
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Discussions would be under way to decide who could succeed "as of next year" the general manager of the famous American company.
·Paris, France
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Total News Sources40
Leaning Left1Leaning Right15Center8Last UpdatedBias Distribution63% Right
Bias Distribution
- 63% of the sources lean Right
63% Right
C 33%
R 63%
Factuality
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