Tim Cook not planning to leave Apple anytime soon
What's the story
Tim Cook, who has been leading Apple since 2011, is not likely to retire anytime soon. Bloomberg's Mark Gurman has dismissed a recent Financial Times report that hinted at intensified succession planning and a possible transition next year. "The moment is not at hand," Gurman said, calling the speculation "simply false." Under Cook's leadership, Apple has transformed from a $350 billion company to one worth over $4 trillion.
Company expansion
Apple's growth under Cook's leadership
Gurman stressed that Cook has "earned the right" to decide when he wants to leave and there's no indication of him being pushed out. He also dismissed theories that the Financial Times report was a "test balloon" by Apple to see how people would react. When Cook does retire, hardware SVP John Ternus is seen as a potential successor. However, this transition is still far off with no immediate changes expected.
Succession speculation
Cook may lead Apple until 2029
Cook recently turned 65, an age when many top executives retire. Speculation suggests he will stay on as Apple CEO at least through the current US presidency, ending in January 2029. By then, he'll be close to 70—not unusual, as leaders like Warren Buffett work well into their nineties, though with far less pressure than running Apple. Cook has also managed Apple's relationship with a highly polarizing government and may want to shield his successor from that task.