Steve Jobs resigns as Apple CEO
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.