Steve Jobs resigns as Apple’s CEO, confirmed

August 25, 2011 9:59 am by Jal

In a stunning revelation today, Steve Jobs has announced to step down from his position as the CEO of Apple.The board of directors confirmed the same and stated that Tim Cook will be the next Apple CEO, effective immediately. In his official resignation letter, Steve Jobs wrote:

August 24, 2011–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.

Art Levinson, Chairman of Genentech, on behalf of Apple’s Board said,

Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company. Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.

Steve Jobs

The next Apple CEO, Tim Cook, previously worked as the company’s COO and was responsible for sales and operations worldwide. He played a substantial role in maintaining strategic relationships between resellers and suppliers and also headed the company’s Macintosh division.

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