Steve Jobs Resigns as CEO of Apple: Worlds Largest Public Company
This is the big news day of the year. Steve Jobs has resigned as CEO of Apple. Apple is the world largest public company. Steve has handed over the chief executive job to Apple COO Tim Cook.
This news has been coming for a while, as Steve Jobs has been struggling a lot over the last few years with his declining health. Now he has made the very tough decision to step aside and let someone take over the huge responsibility that is the CEO of Apple.
On his resign, Steve Jobs sent the following letter to the Apple Board of Directors.
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
