Published on 9 May 2024 on Benzinga
Tim Cook's Potential Retirement Sparks Successor Search At Apple: 'Not Clear How This All Pans Out'...
As Apple Inc. AAPL CEO Tim Cook approaches a potential retirement, the company might be in a pickle to find his replacement. The situation is complicated because of the absence of an individual who is both readily available and likely to serve as a long-term successor, according to Bloomberg columnist Mark Gurman.
What Happened: Cook’s tenure exceeded that of the typical Fortune 500 CEO, and, at 63, he surpasses the age of many of his counterparts. According to Toni Sacconaghi, a Sanford C Bernstein analyst with two decades of experience covering Apple, succession has become a concern among investors, reported Bloomberg.