Print 97 comment(s) - last by TakinYourPoint.. on Aug 26 at 6:20 PM

Steve Jobs  (Source: Gawker)

A younger, hairier Steve Jobs
Steve Jobs is leaving his position as Apple CEO

We just don’t know what to say. We’ve just learned that Steve Jobs is resigning as CEO of Apple, Inc. Tim Cook will now be fulfilling his duties. Jobs notes that he can no longer serve as CEO of Apple, and it is most likely due to the leave of absence he took in January from the company. Jobs has battled pancreatic cancer and received a liver transplant in early 2009.

Here is Jobs' letter to his fellow Apple employees (and the legions of faithful customers) in full:

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.


Here is the press release in full regarding the handoff in power to Tim Cook:

Tim Cook Named CEO and Jobs Elected Chairman of the Board

CUPERTINO, Calif.--(BUSINESS WIRE)--Apple's Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

"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."

"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."

Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

As COO, Cook was previously responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple's supply chain, sales activities, and service and support in all markets and countries. He also headed Apple's Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices.

Steve Jobs and his friend Steve Wozniak founded Apple Computer in 1976. He left the company in 1985 following a bitter power struggle with then CEO John Sculley (former CEO of Pepsi-Cola) and went on to found NeXT Computer. Jobs would later return to Apple in the capacity of "Interim Chief Executive" in the fall of 1997, and later officially regained the title of CEO.

Since that time, Jobs has overseen a massive resurgence for Apple with the launch of Apple Retail Stores, the original iMac, iPod, the iPhone, and the iPad -- each of which has made huge waves in their respective markets (not to mention other successes in between like the iTunes Music/App Store, OS X, etc.). Just this week, it was revealed that Apple's retail stores rake in $5,226 per square foot, more than any other retailer in the United States.

Likewise, Apple is -- for now -- the second most valuable company in the world with a market cap of $348 billion USD.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

By retrospooty on 8/25/2011 10:06:58 AM , Rating: 1
"You find yourself in a strange new world where Apple is the biggest and most important tech company on the planet"

I am no Apple hater, I wish them the best, and I applaud them for changing the industry with the iPhone. It really made all others raise thier game in a massive way. Everyone that Enjoys their Android, WebOS, or even newer Winmobile, Symbian, BB, and other OS's ALL owe APple a thanks for that....

But to say Apple is the most important tech company on the planet is just rediculous. You can hate MS all you want, but the whole world runs off thier software. No-one has been able to do what they do, making an OS that is open to all developers, both hardware and software and add in the entire enterprise space and ALL businesses.

Even the manufacturing plants that make Mac's ALL run on PC's with Windows. Every facility and every job function, from HR, to supply chain, to QA, to FA to accounting, to reverse logistics, to manufacturing and all steps in between ALL run PC's. Apple could NOT have done that with thier little quaint OS.

By retrospooty on 8/25/2011 10:47:09 AM , Rating: 5
"The transformation of how we listen and buy music, MS did nothing and Apple led the way. The transformation of the phone from a simple communication device to a new mobile computing platform, MS did nothing and Apple led the way. The rise of the tablet, MS did nothing and Apple led the way. Microsoft has missed every single new development in the world of tech this century and fumbled every single one of it's attempt to catch up"

This is all true... And if you had said that, no-one would balk at it. But you said Apple was the most important tech company in the world, and that is just retarded. Apple makes nice toys, but if they suddenly closed their doors and didnt release or manufacture a single product from this day forward and recalled all thier past products, there would be no major effect. My point is the whole freegin world runs off MS software. Is it exciting in the modern "nifty gadget toy market" ? No, but MS is definitely the most important tech company by far. Apple could fade today and the world would continue. If MS closed thier doors and took back all thier software, the world would grind to a halt. Even Apple couldnt manufacture anything or fulfil thier supply chain without the MS business systems they run off of.

99% of everything that is done at every company on planet Earth is done using MS software. Get some perspective man.

"If they're going to pirate somebody, we want it to be us rather than somebody else." -- Microsoft Business Group President Jeff Raikes

Latest Headlines
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM

Most Popular ArticlesAre you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Leaked – Samsung S8 is a Dream and a Dream 2
September 25, 2016, 8:00 AM
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
Snapchat’s New Sunglasses are a Spectacle – No Pun Intended
September 24, 2016, 9:02 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki