Apple Stock News

Apple said Tuesday (July 8) that Chief Operating Officer Jeff Williams will hand off some of his duties before retiring later this year to spend more time with friends and family.

Mr. Williams was long considered a leading candidate to replace Tim Cook as the company's next chief executive.

Jeff Williams. chief operating officer, is retiring later this year as part of a long-planned succession.

Apple's chief operating officer plans to hand the role off this month and retire later this year after roughly a decade as the tech giant's No. 2 under Chief Executive Tim Cook.

Jeff Williams, Apple's chief operating officer, is stepping down from his role later this month, as announced by the company on Tuesday. Sabih Khan, who currently serves as the senior vice president of operations, has been appointed as the new COO.

Apple on Tuesday named insider Sabih Khan as its chief operating officer, succeeding Jeff Williams.

Apple said Jeff Williams, the company's operating chief, will be stepping down from that role later this month. Sabih Khan, senior vice president of operations, will be taking the COO role as "part of along-planned succession," Apple said.

CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced Jeff Williams will transition his role as chief operating officer later this month to Sabih Khan, Apple's senior vice president of Operations as part of a long-planned succession. Williams will continue reporting to Apple CEO Tim Cook and overseeing Apple's world class design team and Apple Watch alongside the company's Heath initiative...