Steve Jobs Resigns as CEO of Apple

Thursday, August 25, 2011

Today Steve Jobs resigned as a Chief Executive Officer of Apple and named previously Apple's COO Tim Cook as new CEO of the company. However Steve Jobs will be Chairman of the board from now on.
Steve Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO. Here's the resignation letter from 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
[Via: 1 , 2]

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