Apple CEO Steve Jobs Resigns And Takes Chairman Position, Putting Tim Cook In Charge

Posted Aug 24, 2011

Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs has resigned to become the Chairman of the board. The Apple Board of Directors has selected Apple COO Tim Cook as the new CEO effective immediately. Tim Cook had previously filled in for Jobs when he was on medical leave. In my personal opinion, I believe Jobs is leaving at a good time. The company is one of the biggest in the world and the new generation iPhone is out. Just like Bill Gates and Eric Schmidt you can still help make crucial company decisions as the Chairman, but you don’t have to work as hard as a CEO. Below is a letter from Steve Jobs:

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.


[Apple PR]