Steve Jobs resigns as CEO of Apple | News

In a statement issued to Business Wire, Steve Jobs the co-founder and was chief executive officer of Apple Inc has resigned from his position at Apple. The company has now promoted chief operating officer Tim Cook to the position of CEO and said that Cook will join the company’s board of directors.
Read the full letter below.

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.