Apple has quietly undergone a major restructuring of its management team that has sparked speculation about the future of the world’s third most valuable company — but CEO Tim Cook isn’t going anywhere.
Even as the iPhone maker faces mounting challenges — from AI stumbles to fading product innovation — the 64-year-old chief executive retains firm control of the company founded by Steve Jobs, even as most of his direct reports are nearing retirement age.
And with longtime lieutenant Jeff Williams set to retire later this year, Cook’s leadership appears more entrenched than ever, according to Bloomberg News.
By all appearances, Tim Cook is not going anywhere as the world’s third most valuable tech company has undergone a major restructuring of its management team. Bloomberg via Getty Images
Williams, Cook’s most trusted deputy, will exit in December. Sabih Khan, Apple’s senior vice president of operations, who is in his