Steve Jobs Resigns as CEO of Apple, Replaced by Tim Cook

In a fairly shocking turn of events, Apple’s Board of Directors has announced that Steve Jobs has resigned as Chief Executive Officer of Apple and that company COO Tim Cook will take his place as the company’s CEO. This will take effect immediately. However, Jobs will stay on with the company as Chairman of the Board.

The move was announced via press release and quotes Apple board member Ari Levinson as saying that:

Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology 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.

Levinson also added:

The Board has complete confidence that Tim is the right person to be our next CEO. 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.

Steve Jobs

Via Flickr – Acaben

Jobs submitted his resignation early today and recommended Tim Cook be his replacement. Jobs’ resignation comes just weeks before Apple is expected to launch the next iPhone with the end of September or early October being the most probable launch windows.

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We still don’t know exactly why Jobs has resigned but Apple’s CEO has been battling health issues for quite some time now.

Here is Jobs’ resignation letter:

CUPERTINO, Calif.—(BUSINESS WIRE)— 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.

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