Tech giant Apple has reportedly intensified its CEO succession planning as current chief executive Tim Cook prepares to potentially step down from his position as early as next year, according to a recent Financial Times report.
The Leadership Transition Timeline
The Financial Times revealed on Friday, November 15, 2025, that Apple's board and senior executives have significantly accelerated preparations for Cook to hand over leadership responsibilities after his remarkable 14-year tenure at the company's helm. Sources familiar with the internal discussions indicate that the transition could occur as soon as next year, marking a significant moment in Apple's corporate history.
However, the report suggests that Apple is unlikely to announce a new CEO before its next earnings report in late January, which covers the crucial holiday shopping season. This strategic timing would ensure stability during one of the company's most important revenue periods.
John Ternus: The Leading Contender
John Ternus, Apple's Senior Vice President of Hardware Engineering, has emerged as the frontrunner to succeed Cook, according to multiple sources cited in the Financial Times report. Ternus currently oversees the development of all hardware products, including the iPhone, iPad, Mac, and AirPods, making him one of the most influential executives within the company.
The 49-year-old executive joined Apple in 2001 and has played a pivotal role in numerous product launches throughout his career. His leadership in hardware engineering positions him as a natural candidate to take over the company's product-focused vision.
Cook's Legacy and Historical Context
Tim Cook assumed the CEO role in 2011, succeeding the legendary Steve Jobs, who co-founded Apple in a garage and built it into one of the world's most valuable companies. Cook's tenure has been marked by tremendous financial success, with Apple becoming the first company to reach a $3 trillion market valuation under his leadership.
During his 14-year reign, Cook has overseen the launch of several groundbreaking products and services while navigating complex global supply chain challenges and expanding Apple's presence in key markets like India. His potential departure next year would represent the most significant leadership change at Apple since Jobs stepped down due to health reasons.
Apple has maintained its characteristic silence regarding the succession plans, with the company not immediately responding to requests for comment from Reuters. The tech world now watches closely as one of the most anticipated corporate transitions in recent memory begins to take shape.
