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Steve Jobs Resigns as Apple CEO | Tech Pedias | mithil.me

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Published on August 26th, 2011 | by Mithil Bhatia

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Steve Jobs Resigns as Apple CEO

As of now, all of you should know that Apple is into a big turning point, because Steve Jobs has just announced the resignation as CEO to Apple’s board of directors and announced the appointment of Tim Cook as a successor CEO, immediately. The company said: “Steve with his extraordinary insight and leadership in order to save Apple has led the company to become the world’s most innovative and the most valuable technology company.” Apple confirmed that Jobs will continue to serve as Chairman. Apple’s stock price in the U.S. showed some large fluctuations. Here is the official resignation letter from Steve:

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 

 


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