Apple Directors Informally Exploring CEO Succession Possibilities, Jobs Calls Report 'Hogwash'

The Wall Street Journal reports that some members of Apple's board of directors have informally been exploring possibilities for CEO succession should Steve Jobs permanently step down from his position.

jobs
Jobs has taken several medical leaves of absence over the past few years, the most recent of which began in January and has continued indefinitely. Jobs has however, made several public appearances at Apple media events to introduce new products.

Since Steve Jobs went on medical leave this winter, some members of Apple Inc.'s board have discussed CEO succession with executive recruiters and at least one head of a high-profile technology company, according to people familiar with the matter.

The conversations weren't explicitly aimed at recruiting a new chief executive and were more of an informal exploration of the company's options, said these people. The directors don't appear to have been acting on behalf of the full board, some of these people said.

The report notes that Apple's directors have long taken executive succession plans seriously, routinely holding private sessions at every board meeting to discuss the topic and update plans.

Apple's independent directors take succession planning seriously, said a person familiar with the board's thinking. This person said Apple's independent board members discuss management succession in private sessions without Mr. Jobs held at every board meeting for the past 12 years.

"It's best practice,'' this person noted. "Everybody in the room is sworn to secrecy as to what it [the succession] plan is."

Apple Chief Operating Officer Tim Cook, who has been in charge of Apple's day-to-day operations in Jobs' absence, is still considered to be a top candidate for the job, but directors are understandably exploring all options and reaching out to multiple channels in order to help make the most informed decision possible.

The report suggests that at least some of the external discussions have been initiated by recruiters themselves, although the talks are said to have progressed beyond the routine contact directors normally have with such firms. Jobs has of course given no indication that he plans to step down permanently, and so discussions appear to so far be informal and preparatory in nature should the situation change.

While Apple declined to comment for the report, Jobs reportedly responded via email, saying "I think it's hogwash." Consequently, the Journal suggests that Jobs may have been unaware of the discussions.

Tag: wsj.com

Top Rated Comments

Broojo02 Avatar
148 months ago
I swore in the old preview pictures for keynotes they just showed steve jobs, in the most recent one they have split it over three people, I see this as a psychological attempt to get us to be used to not seeing steve jobs the centre of attention and get us used to other "lesser" beings :P

Score: 8 Votes (Like | Disagree)
Popeye206 Avatar
148 months ago
They should hire a seasoned CEO from a strong brand company like Pepsi. :p
Score: 7 Votes (Like | Disagree)
thatisme Avatar
148 months ago
Hire me. I look great in jeans and a black mock turtleneck. Plus I'd be happy with just a small fraction of the current CEO's compensation.

which is less than $1 ? :eek:
Score: 7 Votes (Like | Disagree)
fishmoose Avatar
148 months ago
How can you read this article for free? I refuse to give Murdoch any of my money.

On the article, I doubt the board doesn't know whom will replace Jobs.
Score: 6 Votes (Like | Disagree)
ghostlyorb Avatar
148 months ago
Hire me. I look great in jeans and a black mock turtleneck. Plus I'd be happy with just a small fraction of the current CEO's compensation.

besides getting stock.. he only makes $1 from Apple... a YEAR
Score: 6 Votes (Like | Disagree)
Macopotamus Avatar
148 months ago
Do not like
Score: 6 Votes (Like | Disagree)

Popular Stories

iphone 14 pro hands snowflakes 1

Best Black Friday iPhone Deals Still Available

Wednesday November 23, 2022 1:55 pm PST by
Cellular carriers have always offered big savings on the newest iPhone models during the holidays, and Black Friday 2022 is no different. Even though Black Friday is officially over, we're still tracking notable offers on the iPhone 14 and iPhone 14 Pro devices from AT&T, Verizon, and T-Mobile. For even more savings, keep an eye on older models like the iPhone 13. Note: MacRumors is an...
General Black Friday Deals 2022 Green

All the Apple Black Friday Deals You Can Still Get

Friday November 25, 2022 4:40 am PST by
Although Black Friday is now technically over, many Apple products are still seeing major discounts through the weekend as we head into Cyber Monday. In this article, you'll find every Apple device with a notable Black Friday sale that's still available. We'll be updating as prices change and new deals arrive, so be sure to keep an eye out if you don't see the sale you're looking for yet. Note:...
ipad holiday bulbs

Best Black Friday iPad Deals Still Available

Thursday November 24, 2022 12:25 pm PST by
Black Friday deals have been in full swing for the better part of a month, and even with the shopping holiday officially over, we're still seeing solid discounts on Apple devices. We're highlighting the best sales for all of Apple's product lines, and in this article you'll find the best Black Friday sales on iPad, iPad Pro, iPad Air, and iPad mini. Note: MacRumors is an affiliate partner with ...
airpods pro 2

Apple Engineer Addresses Lack of Lossless Support on New AirPods Pro

Friday November 25, 2022 2:58 am PST by
An Apple engineer has addressed the lack of lossless audio support in the second-generation AirPods Pro in a new interview. Current Bluetooth technology in the AirPods lineup means that Apple's audio products do not support Apple Music Lossless audio. Apple has previously hinted that it may develop its own codec and connectivity standard that builds on AirPlay and supports higher quality...
mac imac snowflakes

Best Black Friday iMac and MacBook Deals Still Available

Thursday November 24, 2022 1:07 pm PST by
Our Black Friday coverage continues through the weekend with the best deals you can find on MacBook Pro, MacBook Air, and iMac. As with all Black Friday deals, we aren't sure how long any of these will last, and prices are always fluctuating, so if you see something you want, be sure to buy it soon. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and...
maxresdefault

Nothing Phone 1 Displays AirPods Battery Level After Latest OS Update

Friday November 25, 2022 3:33 am PST by
Nothing Phone 1 users today began receiving the Nothing OS 1.1.7 update, which adds support for displaying the battery percentage of connected AirPods, amongst other improvements and bug fixes. If you own a Nothing Phone 1, you can check for the OTA update by going to Settings -> System -> System updates. Bear in mind that as support for displaying AirPods battery level is still an...
apple watch gold ornaments

Best Black Friday Apple Watch Deals Still Available

Wednesday November 23, 2022 9:31 am PST by
We're tracking all of the best Apple product discounts for Black Friday as they continue through the weekend, and the Apple Watch always makes a great gift around the holiday season, so you're guaranteed to find solid discounts right now. In this article, you'll discover the best Black Friday sales on Apple Watch Series 8, Apple Watch SE, and Apple Watch Ultra. Note: MacRumors is an affiliate...