Steve Jobs steps down as Apple CEO

By on August 25, 2011
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The visionary leader of Apple calls it time as CEO of the company he founded.

A dark day for Apple?

A couple of hours ago, Apple’s iconic CEO announced his resignation via a press release. The company has moved quickly to announce Tim Cook as his replacement. Jobs himself published the following letter

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

Like the rest of the world, we too wonder how the Cupertino giant will cope with life without Jobs at the head, who has become almost an industry legend after taking control of Apple at a difficult time and turning it into arguably the most valuable technology corporation in the world today. Apple have confirmed he will stay on as Chairman of the board.

Expect him to still have major influence on critical decisions.


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