Tim Cook may step down as Apple CEO next year

According to Financial TimesIt is possible that Tim Cook will step down as CEO of Apple early next year. The Board of Directors has begun working seriously on the succession plan. foot John Ternos, senior vice president of hardware engineering at Apple, says he is considered the most likely candidate for this position.

Rumors of Cook stepping down follow Apple COO Jeff Williams has retiredHis last day at the company was Friday. As part of this departure, there has been some shuffling of responsibilities at the executive level, including: Expanded roles For Chief Services Officer Eddie Cue, Chief Software Engineering Officer Craig Federighi, and Ternos.

Whoever takes over as CEO, it is unlikely to be someone from outside Apple. Tim Cook previously said there was a strong preference for an internal candidate and that the company had “Very detailed succession plans“.