Steve Jobs Resign

Steve Jobs Resigns

Tim Cook named as Apple CEO

Apple’s board has just announced that Steve Jobs will be stepping down as CEO and assuming the role of Chairman of the Board. Tim Cook, former Chief Operating Officer has been elected by the board to be Apple’s CEO and will join the board, effective immediately.

Letter from Steve Jobs

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve

The AllThingsD reports that sources close to the matter have confirmed that Jobs will continue to operate closely with the company with his “unique insights, creativity and inspiration.” Tim Cook has been named CEO at Steve Jobs recommendation.

It would be premature to assume that this is a goodbye. Jobs has been gradually inclining towards this day from years. An incredibly forward thinker, he will surely be as involved with Apple as he has been over the last few months. The full press release is here.

To Steve: 

Thank you for defining a generation and inspiring the world. I wish you all the best.

Authored by Zaid Rahman on August 25, 2011 under News § Tweet Like