Steve Jobs, the man at the forefront of Apple since its inception resigned from his post as company CEO today. Tim Cook will take over as the new CEO, while Jobs will serve in a lesser role as Chairman of the Board.
In a letter to Apple’s Board of Director’s and the Apple community, Jobs writes:
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
Jobs has suffered from health problems since 2004 after being diagnosed and treated for pancreatic cancer. Since then he has taken a few more leave of absences, most notably in 2009 for a liver transplant, and most recently since January 2011.
Apple stock is currently down about 5% at $356 dollars per share.
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