Steve Job’s steps down as CEO of Apple

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Steve Job’s steps down as CEO of Apple

August 25, 2011 Blog 0

Steve Job’s released a letter a resignation yesterday as the CEO of Apple.  He instead will be staying on as the chairman of the board, while Tim Cook will be taking over as the CEO.

What exactly will this mean for Apple?  No one can really be too sure.  I think Tim Cook will do a fine job as the CEO, but naturally everyone will be a little cautious as we all remember how Apple was before Job’s pulled the company back from the brink of extinction.

Job will still be contributing to the success of Apple as chairman, but due to his inability to fulfill his duties as CEO he has decided to step down.  A few months ago Steve had to take another leave of absence due to his health issues.  Here’s hoping the best for Steve and his family, and good luck to Tim Cook.

Below is the letter he released:

Letter from Steve Jobs
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.