Tim Cook could be replaced as Apple ‘s CEO as early as next year, according to a report on the CEO succession plan.

The Financial Times reported that in previous months, board members and senior executives have intensified their efforts to replace Cook .

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The report, which cited anonymous sources, said Hardware Engineering Chief John Ternus is the favorite to replace Cook.

Cook, who is approaching retirement, took over as leader of Apple 14 years ago after the death of Apple’s co-founder and CEO, Steve Jobs .

Ternus has risen th

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