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Category: Apple Various

Steve Jobs Resigns as CEO of Apple, Tim Cook Takes Over

Written on August 25, 2011 by Avlya Jaie

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Beset from certain health issues, Steve Jobs steps down from Apple's CEO position.

55-year-old co-founder and CEO, , has just resigned from his current position in the company. He issued a letter last Wednesday, telling the Board of Directors that he would remain as the Chairman of the Board and will appoint to become the new CEO. The board approved Jobs’ request and made the resignation effective right away.

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

On behalf of the board of directors, Apple board member and chairman of Genentech biotech firm, , delivered these statements:

Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable 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 has been bearing few medical issues for quite some time. He asked the company for a medical leave of absence last January but then came back in March to assist the 2’s launching. In 2004, the former CEO was diagnosed and treated for pancreatic cancer. He also had a liver transplant in 2009 at the Methodist University Hospital in Memphis, TN.

Former Apple COO, Tim Cook – who has been with Jobs for most of his ups and downs in the company – has been appointed to be Steve’s successor. “The Board has complete confidence that Tim is the right person to be our next CEO.” Levinson stated. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”

Although he had resigned from his position, Steve Jobs is still expected to remain active and supportive on the future plans of the company.

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