Apple CEO Tim Cooks potential successors feature four top execs including iPhone, Mac guru | Latest Tech News
The record of potential contenders to succeed Tim Cook as the next CEO of Apple contains at least four top executives at the tech giant – though 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, according to The Wall Street Journal and Bloomberg. He is accountable for overseeing the flagship iPhone – which still rakes in the majority of Apple’s income – as nicely as other devices like Mac computer systems and AirPods.
Another top contender is longtime Apple software program chief Craig Federighi, who takes middle stage each 12 months at the tech giant’s high-profile Worldwide Developers Conference. Federighi, 56, lately change into more concerned in Apple’s efforts to combine artificial intelligence after some embarrassing early missteps led to an inside management shakeup.
Tim Cook has led Apple since 2011. REUTERS
Eddy Cue, the 61-year-old head of Apple’s companies division, is also on the record. Cue has labored intently with Cook throughout his tenure and was also notably close with the late Steve Jobs, the Apple co-founder who preceded Cook as CEO.
The fourth top contender, according to The Journal, is Greg Joswiak, the 61-year-old head of Apple’s advertising division. Known as “Joz,” he’s closely concerned in Apple’s annual iPhone promotions and also stepped in to deal with some of the PR fallout when the AI launch fell flat with traders and customers alike.
John Ternus speaks during Apple’s annual world extensive developer convention in San Jose, Calif., in 2017. REUTERS/Stephen Lam/File Photo REUTERS
Apple didn’t immediately 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. via REUTERS
There is no set timeframe in which Cook must step down as CEO. While he’s 65 years outdated, Apple doesn’t require its top government to step down at a explicit age – not like some firms.
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 acquainted with inside discussions, recommend that Cook might step down as soon as next 12 months.
Apple veep Greg Joswiak speaks during the keynote tackle 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 could possibly be imminent, noting in his e-newsletter this week that there have been “few signs internally” that the exec was prepared to depart in the close to future.
Cook, who has overseen Apple’s surge from a market valuation of about $350 billion in 2011 to $4 trillion today, is widely anticipated to take over as chairman once 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 same time, Cook said he cherished 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 said. “So that’s my role: That there’s several for the board to pick from.”
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