Apple COO Jeff Williams to step down later this month

Core Points - Jeff Williams, Apple's chief operating officer, is stepping down later this month to retire and spend more time with family [1] - Sabih Khan has been appointed as the new COO, currently serving as the senior vice president of operations [1] - Williams will continue to report to CEO Tim Cook and oversee the design team and Apple Watch until his retirement [2] - After Williams' retirement, the design team will report directly to Tim Cook [2] - Williams has been with Apple for nearly three decades, contributing significantly to the introduction of the iPod and iPhone, and leading the development of the Apple Watch [2]