Steve Jobs resigns as CEO of Apple, Tim Cook named as company’s new CEO

Apple announced on Wednesday that Steve Jobs has resigned  as chief executive officer of the company. He will be succeeded by Tim Cook as new CEO of the company. Steve Jobs’s new position as chairman of the board at Apple and Cook will join the board, effective immediately. Steve Jobs, co-founder and two-time CEO of Apple, offered his resignation via a letter to the company’s board Wednesday. 

Below is the resignation letter that Steve Jobs sent to Apple board:

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