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August 25, 2011

Steve Jobs resigns as CEO of Apple

 

It has just been announced that Apple CEO Steve Jobs has stepped down from the company. It has become increasingly clear over the previous months that Jobs’ health has declined rapidly, and this move is likely related to this.

In a letter to the board, Steve Jobs ask to serve as Chairman of the Board, and the person who will replace him as CEO is Tim Cook, Apple’s current COO.

Following the announcement, Apple stock down 7% immediately and cause public uproar especially on online communities.

 

Source : Engadget, Apple Press Info

 
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August 25, 2011

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 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 [...]

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