Steve Jobs Steps Down From CEO

In an unexpected letter from Steve Jobs to the Apple Board of Directors, Mr. Jobs announced his retirement from CEO of Apple, Inc.  Steve recommended current COO, Tim Cook, to take over as CEO and Jobs would like to be appointed Chairman of the Board.  The current Board of Directors has elected Jobs to be the Chairman of the Board and has made Tim Cook the new CEO.

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Steve Jobs Resigns as CEO, Tim Cook New CEO

A Letter from Steve Jobs

WSJ - Jobs Quits as Apple CEO


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