Apple Accelerates CEO Succession Plans This Year

Though rumors have been circulating for months, Apple is reportedly speeding up plans for its next CEO. The biggest name linked to the position is John Ternus, Apple’s hardware chief, who is considered the leading candidate to succeed Tim Cook this year. Experts say this could be Apple’s most important leadership change in over a decade.

A recent report by the Financial Times said Apple is stepping up its CEO succession planning as Cook prepares to step down. People familiar with the company’s internal discussions reportedly say that Ternus is the frontrunner for the role.

The report also mentions that Apple’s board of directors and senior executives have accelerated preparations for the handover. Tim Cook has been with Apple since 1998 and became CEO in August 2011, after co-founder Steve Jobs stepped down due to his battle with pancreatic cancer.

The leadership transition is expected to be carefully planned, as Apple looks to ensure a smooth handover while maintaining its strong position in the tech world. Observers say Ternus’s experience overseeing Apple’s hardware makes him a natural choice to continue the company’s legacy.