Core Points - Apple CEO Tim Cook is reportedly preparing to step down, potentially transitioning to the role of Chairman of the Board, succeeding Arthur D. Levinson, who has reached the age limit for board members [1][2] - Cook has been at the helm of Apple since August 2011, and the change is linked to the company's governance policy that restricts board members from seeking re-election after turning 75 [1] - The transition may allow Cook to continue influencing Apple's future while facilitating a smooth leadership change [2] Leadership Transition - If Cook becomes the new Chairman, his specific role could either be "Chairman" focusing on board management or "Executive Chairman," which would involve continued deep engagement in daily operations [2] - Cook, currently 65 years old, has a decade before reaching the age limit, providing ample time to impact the new position [2] - John Ternus, Senior Vice President of Hardware Engineering, is widely viewed as a potential successor for the CEO role [2] Timeline for Announcement - Apple is not expected to announce a new CEO before the earnings call at the end of January, with the announcement likely to occur at the annual shareholder meeting in late February or early March [5]