Apple has announced that Steve Jobs has resigned as CEO. Tim Cook, Apple’s COO, will be Apple’s CEO. Steve will remain involved with Apple as chairman of the board.
Here is Steve Jobs’ letter:
Letter from Steve Jobs
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 Appleâ€™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 Appleâ€™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.
And here is Apple’s press release:
Steve Jobs Resigns as CEO of Apple
Tim Cook Named CEO and Jobs Elected Chairman of the Board
CUPERTINO, Californiaâ€”August 24, 2011â€”Appleâ€™s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Appleâ€™s Chief Operating Officer, as the companyâ€™s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.
â€œSteveâ€™s extraordinary vision and leadership saved Apple and guided it to its position as the worldâ€™s most innovative and valuable technology company,â€ said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. â€œSteve has made countless contributions to Appleâ€™s success, and he has attracted and inspired Appleâ€™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.â€
â€œThe Board has complete confidence that Tim is the right person to be our next CEO,â€ added Levinson. â€œTimâ€™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.â€
Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.
As COO, Cook was previously responsible for all of the companyâ€™s worldwide sales and operations, including end-to-end management of Appleâ€™s supply chain, sales activities, and service and support in all markets and countries. He also headed Appleâ€™s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.
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Good to know !