Apple is ramping up succession plans for CEO Tim Cook and may tap this hardware exec to take over, report says

Recent reports highlight Apple's proactive approach to succession planning for CEO Tim Cook, with John Ternus emerging as a potential successor. The Financial Times notes that the board is preparing for Cook's departure, which could occur as soon as next year. This aligns with broader trends in corporate governance, where companies are increasingly focusing on leadership continuity. The emphasis on Ternus, who has played a crucial role in hardware engineering, suggests that Apple is looking to maintain its innovation trajectory while ensuring a smooth transition in leadership.