Apple is increasingly focused on developing a succession plan for CEO Tim Cook and other top executives, reports Bloomberg.As Cook begins his 10th year at the helm, his management group is filled mostly with senior vice presidents who have worked at Apple for more than two decades, made tens of millions of dollars and are at or near the ages of 55 to 60 when many previous executives have stepped aside. That, along with typical corporate planning, has spurred the Cupertino, California-based company to cultivate its next class of top managers, said people familiar with the matter who asked not to be identified talking about internal company discussions. Apple declined to comment.
If Tim Cook were to retire, Apple has purportedly chosen Chief Operating Officer Jeff Williams to take over. Starting in 2013, Williams oversaw development of the Apple Watch and the company's health initiatives. In 2019, he took on oversight of Industrial and Human Interface design, following Jonathan Ive's departure. Similar to Cook, Williams is seen as an operations-focused executive rather than a product visionary.
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