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Steve Jobs Steps Down as Apple's CEO

Steve Jobs Steps Down as Apple's CEO

Steve Jobs has stepped down as Apple's CEO. According to Apple's official press release (via Engadget), the board has named Tim Cook, Apple's former Chief Operating Officer, as his replacement. Jobs tendered his resignation to the Board today, and also strongly recommended the Board implement its succession plan to name Tim Cook as CEO. Below is an excerpt of the letter penned by Steve Jobs himself. 

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

Jobs will continue his tenure in Apple as Chairman of the Board following the relinquishment of his CEO title.

Source: The New York Times

 

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