Steve Jobs Resigns; Tim Cook Replaces as New CEO of Apple

Posted By James on August 24, 2011
in Special Focus

Apple has confirmed that Apple CEO Steve Jobs is stepping down from the leadership position and has been elected Chairman of the Board of Directors. By Steve Jobs’ strong suggestion, the former Apple CEO Tim Cook is named as the new CEO by the Board.

Steve Jobs

The Wall Street Journal published a letter from Steve Jobs announcing his resignation:

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.

Though Steve Jobs didn’t specify exactly why he was leaving, but probably it is due to health conditions. Would the resign of Steve Jobs mark the end of the era or the beginning of a new era? We may soon see the answer when Apple releases its next generation iPhone 5 and iPad 3 in this October.

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