Tim Cook could step down as Apple’s CEO as early as next year, according to a new report from the Financial Times, which says the company’s board has begun working seriously on a succession plan.
The report notes that John Ternus, Apple’s senior vice president of hardware engineering, is currently viewed as the frontrunner to succeed Cook.
Cook, who recently turned 65, has served as CEO for 14 years, overseeing an era of massive growth for Apple — as well as several high-profile controversies. He’s also widely credited with leading Apple’s manufacturing shift toward outsourcing, a move that helped the company scale its operations globally and achieve record-breaking production efficiency.
Leadership Changes Following Jeff Williams’ Retirement
Speculation around Cook’s possible departure comes shortly after the retirement of Apple’s Chief Operating Officer, Jeff Williams, whose last day was Friday.
In the wake of Williams’ exit, Apple has reportedly undergone a series of internal leadership adjustments, including expanded roles for Services chief Eddy Cue, head of software engineering Craig Federighi, and John Ternus.
These changes indicate a potential realignment at the executive level, positioning key leaders to guide Apple through its next phase — including advancements in AI, hardware, and services.
Longtime Apple COO Jeff Williams’s last day at Apple was today. The retirement was announced in July. More in Power On this Sunday. Here’s how his giant role is being split up — https://t.co/bUCa3iPWPK
— Mark Gurman (@markgurman) November 14, 2025
Apple’s Focus on Internal Succession
Regardless of who ultimately replaces Tim Cook, reports suggest it’s unlikely the new CEO will come from outside Apple.
Cook has previously stated that the company maintains a “very detailed succession plan” and strongly prefers to promote internal candidates who understand Apple’s culture, products, and long-term vision.
If the transition occurs next year, it would mark the first leadership change at Apple since 2011, when Cook succeeded Jobs, ushering in a new era that has seen Apple’s market capitalisation soar past $3 trillion.
