Apple is stepping up its succession planning efforts because it prepares for Tim Cook dinner to step down as chief government of the tech large as quickly as subsequent yr, the Monetary Instances reported on Friday.
John Ternus, Apple’s senior vp of {hardware} engineering, is extensively seen as Cook dinner’s almost certainly successor, the FT reported, citing a number of folks conversant in discussions.
Apple didn’t instantly reply to a Reuters request for remark.
The newspaper quoted folks conversant in discussions contained in the iPhone maker as saying its board and senior executives had not too long ago intensified preparations for Cook dinner handy over the reins after greater than 14 years.
Apple is unlikely to call a brand new CEO earlier than its subsequent earnings report in late January, which covers the important vacation interval, the FT mentioned.
Cook dinner turned CEO in 2011 after Silicon Valley legend Steve Jobs resigned, ending his reign on the know-how large he co-founded in a storage.