As Apple Inc. (NASDAQ: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.
“You look down the list of executives, and it's really not clear how this all pans out,” he said, adding, “You wonder why there hasn't been more transparency and exposure for the next leaders. It raises a broader question: Does Apple have a comprehensive and deliberate set of succession plans?”
Candidate I: Jeff Williams
According to several people familiar with Apple’s internal dynamics, if ...