Steve Jobs resigns as Apple CEO

by Stephen Hui on Aug 24, 2011 at 3:55 pm
Steve Jobs is now chair of Apple's board.

It sure doesn't sound like good news for Steve Jobs—or Apple.

Jobs resigned today (August 24) as CEO of Apple Inc., the ground-breaking technology company he cofounded in 1976.

Jobs has been named chair, and COO Tim Cook has been picked to succeed him as CEO.

According to Reuters, the pancreatic cancer survivor has been on medical leave since January.

Here's the text of Jobs's letter of resignation:

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

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Comments (3) Add New Comment
Spacer
Aug 24, 2011 at 5:35 pm
This is a good thing, he needs to take care of his health. I hope Apple can hold it together without him. I still remember the last time he left...
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Sheep
Aug 24, 2011 at 6:44 pm
So much for all the apple nut huggers & fashion sheep that buy this overpriced stuff.

This company won't last long without the one great apple.

All the patent litigation should leave only a few companies standing over time.

This company is a patent litigation machine which drives up the cost of all the tech products affected for us the lowly consumer whether it's their product or not.

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Morty
Aug 26, 2011 at 11:34 pm
Spacer: The last time he left the company he was forced out. This is different. As someone who follows the company rather closely, I'm not at all concerned—Tim Cook's already shown he can run it in Steve's absence.

Sheep: What are you talking about? You do realize that the reason why Apple's flagship products (the iPhone and iPad) dominate their markets is because nobody can make a competitive product at a competitive price, right? And if you want to complain about patent litigation, forget Apple. Complain about Intellectual Ventures instead. Nathan Myhrvold's nothing but a patent troll at this point.
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