Steve Jobs Resigns as CEO of Apple, Replaced By Tim Cook

Steve Jobs Resigns as CEO of Apple, Replaced By Tim Cook

Posted by · 23542 views · Translate

Steve Jobs has just resigned as CEO of Apple and will be replaced by Tim Cook. Tim Cook was previously the company's chief operating officer (COO). Jobs will continue to stay on the Apple Board as Chairman. Since January 17th, Jobs has been on medical leave.


Steve Jobs' Letter to the Board and Community

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



Apple Press Release

Tim Cook Named CEO and Jobs Elected Chairman of the Board

CUPERTINO, Calif.–(BUSINESS WIRE)–Apple's Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

"Steve has made countless contributions to Apple's success, and he has attracted and inspired Apple's immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration."

"Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company," said Art Levinson, Chairman of Genentech, on behalf of Apple's Board. "Steve has made countless contributions to Apple's success, and he has attracted and inspired Apple's immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration."

"The Board has complete confidence that Tim is the right person to be our next CEO," added Levinson. "Tim's 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does."

Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

As COO, Cook was previously responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple's supply chain, sales activities, and service and support in all markets and countries. He also headed Apple's Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices.


Read More


Steve Jobs Resigns as CEO of Apple, Replaced By Tim Cook

Syed - August 25, 2011 at 5:43pm
My eight years old son felt very bad on resignation of Steve Jobs. He is very much fascinated by apple gadgets. He is more worried about Steve's health and apple's future. Any assurance for him from apple? Syed Shadullah Riyadh Saudi Arabia
Prince Philip - August 25, 2011 at 3:49pm
This is a great loss to apple but apple is grown enough and I believe it will go a very LOooooooooong way. Thanks to its daddy Steve Jobs...... !!!!!!!!!!!!
Pegasos - August 25, 2011 at 12:59pm
Good Job Steve,thank for all the stuff you made for make life better I hope Apple follow this ascending line
HarryKojak - August 25, 2011 at 9:49am
He must be close to dying and when he does so will apple.
AleXxX - August 25, 2011 at 6:31am
I wish him the best,he's certainly a great man,he created the refined part of the digital world that we live today into.Greets from Romania!
26 More Comments
Recent