Apple (AAPL) is intensifying CEO succession planning as Tim Cook, now 65, may step down as early as next year, with John Ternus, SVP of hardware engineering, seen as the likely successor, The Financial Times’ Tim Bradshaw, Stephen Morris, Michael Acton, and Daniel Thomas report. People close to Apple say the long-planned transition is not related to the company’s current performance, and add that the company is unlikely to name a new CEO before its next earnings report in late January.
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