Apple’s CEO Steve Jobs resigns today.
The Board of Directors at Apple Inc. announced today that the company’s co-founder and CEO Steve Jobs is resigning. Jobs requested that he still serve the company as Chairman of the board, which the board has already elected him for the position.
Jobs has been on a medical leave since January for an undisclosed condition and the company’s COO Tim Cook has stepped in for Jobs while he has been on leave. Cook has been with Apple for 13 years and will replace Jobs as CEO which has been expected given his contribution.
In the co-founder’s letter of resignation he strongly suggested to the board that Cook be his successor.
Jobs sent the following letter to board of directors:
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
John is the Vice President here at JohnHart, and as such is responsible for managing and directing the firm towards obtaining its ultimate goals.
He is also one of our main contributors on the Blog. (please see his profile page on the main site for more information.)
