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

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.” Art 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.”

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