Apple names insider Sabih Khan to replace CEO Tim Cook's No. 2 executive

Core Points - Apple has appointed Sabih Khan as the new chief operating officer, succeeding Jeff Williams as part of a planned succession [1] - Khan has been with Apple for 30 years and is currently the senior vice president of operations [2] - Jeff Williams will continue to report to CEO Tim Cook and will oversee the design team and Apple Watch until his retirement later this year [3] - Khan will become the second-highest executive in the company, reporting directly to CEO Tim Cook [4]