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
Pretty shocking news, i wish him well, even though I’m hardly an apple fan boy, this guy gave apple a lot and turned apple from nothing more than a PC company to a religion to some people. (i wish i was joking)
anyways, im sure they will be fine under Cooks’ leadership. anyways he is still chairman of the board, its not like he died or something. I am sure the stock will do more than fall 5%. if only for the next week or so.
read more here:
http://latimesblogs.latimes.com/technology/2011/08/steve-jobs-out-as-ceo-tim-cook-in.html
http://www.nytimes.com/2011/08/25/technology/jobs-stepping-down-as-chief-of-apple.html