Wednesday, August 24, 2011

Steve Jobs Resigns As CEO Of Apple

Steve Jobs, co-founder and two-time CEO of Apple, offered his resignation to the company’s board Wednesday.

He wrote:
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.


Apple stock was down for about 5% by 7:50 p.m. ET.

Apple has confirmed that Apple COO Tim Cook will replace Jobs as CEO, following Jobs’ own recommendation and he has been elected chairman of the board,

Steve Jobs gave some of the iconic moments to the history of Apple. How do you see his decision?

Please post your views.