(MENAFN) Apple is preparing for a significant leadership transformation, described as a “broad changing of the guard,” as it strategizes for the eventual departure of CEO Tim Cook, according to a media outlet.

Since assuming the role in 2011, Cook has led Apple's diversification into various new product segments, reinforcing the company’s reputation as a dominant player in the global consumer tech and digital services sectors.

Despite the looming leadership changes, Apple continues to rank among the most highly valued tech firms globally, boasting a market worth nearing $3.4 trillion.

The company recently reported $95.4 billion in earnings for the second quarter of fiscal 2025, reflecting a 5% increase compared to the same period last year.

A number of veteran executives have either exited or announced their plans to do so. This includes Chief Financial Officer Luca Maestri and former retail chief Deirdre O’Brien.

Additionally, Chief Operating Officer Jeff Williams — once widely considered a top internal contender for the CEO role — is also reportedly planning to step down soon.

According to the media outlet, John Ternus, the senior vice president of hardware engineering, is currently seen as the leading candidate to follow Cook.

Ternus has overseen Apple’s hardware initiatives since 2021, including the iPhone and Mac product lines.

At age 49, he symbolizes a younger generation of leadership, well-positioned to guide the company toward a future more deeply centered on technological innovation.

Industry observers note that Apple may now lean toward appointing a CEO with a strong tech background, as opposed to one whose expertise lies primarily in operations or sales.

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