Steve Jobs Resigns as Apple CEO

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Steve Jobs resigned as Apple CEO, leaving COO Tim Cook to take the helm at the most valuable technology company in the world.

Steve Jobs resignsJobs, who has been on medical leave since January, and who has a history of pancreatic cancer, will continue at Apple as Chairman of the Board.

“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.”

Cook, who some call an “operational genius,” has helped lead Apple for 13 years and has been responsible for its global sales and operations including supply chain management, sales and service.

There’s a chart of the new management here.

In a letter Jobs 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.


Source: Apple, Wall Street Journal

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