Steve Jobs’ Resignation Letter

Steve Jobs Resigns as CEO of Apple today. 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 Jobs’ Resignation Letter

CUPERTINO, Calif.–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.

How Steve Jobs Resigns will affect Apple shares in the market?

One Response to “Steve Jobs’ Resignation Letter”

1. Brian D. Hawkins says:

   August 25, 2011 at 9:36 PM

   Steve Jobs is one of the few corporate leaders that have been able to hold the respect of both the public and the media. It looks like he’ll still be very involved in Apple’s future as Chairman but is has to be pretty tough stepping down as CEO from what has eventually been his live.