Apple announces Steve Jobs is resigning as CEO
08/24/2011 04:04 PM Filed in: Apple
Apple Inc. has announced Wednesday, Steve Jobs is resigning as CEO and is effective immediately.
Tim Cook, who was Apple’s chief operating officer will now fill the shoes of Steve Jobs as CEO. Steve Jobs will still be around, he is now elected as Apple’s chairman.
Jobs has always maintained that his health issues are a private matter. His public letter issued on Wednesday made no mention of his current medical condition. Steve Jobs has been on medical leave since January, due to his long bout with cancer.
Steve Jobs' full letter of resignation is included below:
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.
UPDATE: Apple Co-founder, Steve Jobs passes away at 56
Source: Yahoo News
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