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Summary:

Steve Jobs, a remarkable man and a maverick CEO today resigned from the top job at Apple, making way for Tim Cook, currently company’s COO. Jobs wants to be the chairman of the company as he battles with his illness. It’s an end of an era.

steve-jobs-feature

Steve Jobs, a remarkable man and a maverick CEO, resigned Wednesday from the top job at Apple, making way for Tim Cook, currently the company’s COO. Jobs will take on the role of chairman of the company as he battles with his illness. It’s an end of an era. This is his letter 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.

Steve

The board of directors and Apple said that Cook has been named the CEO and has joined the board. Steve is now the 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.”

“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.” [Apple press release]

  1. We have yet to see this on Apple’s PR page.

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  2. This is good enough reason for the medical community to fast track brain transplant technology.

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  3. Wow!! Let’s hope it’s a minor change and not the end of an era!! It was question of time… this confirms Steve’s health is not winning the fight…

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  4. Chairman of the bored? I’m sure it’s not particularly fun, but I also doubt that’s what you meant…

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  5. iQuit

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    1. there should be a like button, ha.

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  6. Andrew MacDonald Wednesday, August 24, 2011

    Im gutted. Im gutted because in my heart I just know there is a reason why he’s quitting, its not because he no longer loves Apple, its because he knows he’s really very sick.

    I sincerely hope he can recover from whatever it is, and I wish him and his family the very best for the future.

    Heres “to the crazy ones”.

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    1. Said about as well as can be said.

      Thanks, Steve, and good luck.

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  7. The king is dead, long live the king!

    Here is an org chart that reflects the changes http://bit.ly/appleorgchart

    Wonder how long before Tim Cook shuffles the deck

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  8. I was expecting a longer letter but we got this short and bitter-sweet one. Thanks Steve Job. Without you, Apple would have been gone years ago.

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  9. Expected and sorrow news. Take care of your health. We miss you…

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  10. Hi all,
    I have a question for all “Will steve jobs resignation will make any difference to the company’s progress.Discuss with me on this link- http://tinyurl.com/4yc6s97

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