Wednesday, August 24, 2011

Steve Jobs Resigns As Apple CEO, Will Become Chairman

Steve Jobs has resigned as chief executive officer of Apple. The reason is presumably health-related—Jobs went on indefinite medical leave in January—but neither Jobs nor Apple gave specifics in their statements. Tim Cook, Apple's chief operating officer, will replace Jobs as CEO, while Jobs will serve as chairman. Cook was already handling day-to-day operations during Jobs' leave of absence.

Jobs is stepping down during the best of times for Apple. Its iPhone is the most profitable smartphone on the market, and its iPad dominates the tablet market. Apple's redesigned MacBook Air laptops have also proven successful, prompting PC makers to scramble on their own ultra-thin designs.

Below is Steve Jobs' statement in full:

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


source:
http://techland.time.com/2011/08/24/steve-jobs-resigns-as-apple-ceo/

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