Who will be the next Apple’s CEO?
According to the recent reports, Apple focuses on looking at the next CEO after Tim Cook. Apple’s top leadership team is currently “focusing greater attention” on choosing and developing the right successors for their senior executives’ position.
Apple Focuses on Tim Cook
Tim Cook is expected to enter his 10th year for his position as their CEO. This means that they have to spend more time now spending time molding a newer and younger generation of leaders to take over the company. Most of Apple’s Top Management has spent over two decades in the company and already looking forward to retirement. Some of them have already left their roles like Jony Ive and Phil Schiller.
According to some speculations, the one who would replace Cook from the position would be given the current COO Jeff Williams. He has been rumored to be the one, for he has spent several years running its global operations. His responsibilities include overseeing the Apple Watch development and as well as the design and hardware oversight.
Who are the rumored successors Apple focuses?
Williams is described as an operations-focused leader just like Tim Cook but quite different from the founder, Steve Jobs. And just this August, Greg Joswiak replaced Phil Schiller as the Senior Vice President of Marketing.
And as for Craig Federighi, who is the youngest executive of Apple, he already has some people on the line for his position. Namely, Sebastien Marineau-Mes, VP of Intelligent Systems Experience, and Jon Andrews, VP of CoreOS.
As for Operations chief Sabih Khan’s replacement, that would be Priya Balasubramaniam. Sribalan Santhanam as a replacement for Hardware Technologies’ Johny Srouji. And John Ternus as a successor to hardware engineering chief Dan Riccio.
Tim Cook Joins The Billionaires Club
Apple CEO Tim Cook has reportedly gained a net worth of $1 billion. However, he is still not listed under the world’s 500 wealthiest people. And according to Bloomberg’s reports, Cook’s recent net worth was calculated using the market performance and regulatory filings.
Before Tim Cook was appointed as the new Apple CEO, the company was valued at roughly $350 billion, and the company has grown substantially under his leadership. Most of the reasons for his access are from the stock awards given to him when he took over in the Apple reign. He was recognized with restricted stock units that have grown over time. Aside from that, he has garnered additional stock awards as Apple has exceeded at least two-thirds of the firms in the S&P 500.
It was also reported that later this month, Tim Cook would receive another payout, which will include the 560,000 shares of Apple stock, which would boost his net worth by approximately $100 million.