Wednesday, August 24, 2011

Steve Jobs Officially Resigns as CEO of Apple, Tim Cook COO is Named as Successor



We all knew this day would arrive sooner or later. And honestly, we all know it's for the better. Steve Jobs has reigned as CEO of Apple. However, he isn't leaving guys! He'll remain on the staff as chairman of the board. The company itself has released the statement "Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company." Furthermore, this is a very big decision, that frankly, was a long time coming. There were rumors of this move five years ago, and three years ago, and now- it just feels right. Read Steve's resignation 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.

Steve

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