Apple’s new CEO faces retention challenge as pressure from executive and engineer turnover increases
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Golden Ten Data reported on April 22 that, according to foreign media, Apple’s next CEO, John Ternus, is facing a major challenge as he takes office: retaining top talent during a historic period of personnel change. After several years of relative calm, Apple has recently experienced a wave of departures—both at the executive level and among grassroots engineers. Ternus, who will succeed Tim Cook as CEO in September, is tasked with stabilizing the workforce. At the end of last year, the highly acclaimed head of Apple’s chip business, Johny Srouji, told Cook he was seriously considering leaving the company. Apple recently managed to retain him by offering a new compensation package and a broader position—as the company’s first Chief Hardware Officer. Ternus will need to tackle the succession issue and the potential departure of other key executives, including Mike Rockwell and several long-serving leaders who are approaching retirement.
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