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Jobs Resigns as Apple CEO

by on August 24, 2011
 

Steve Jobs resigned as CEO of Apple, as announced the the company’s board of directors today.

“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,” said Jobs in a letter to the board.

Jobs, along with Steve Wozniak, was one of the original founders of Apple in 1976.  After leaving the company in 1986, Jobs went on to found Pixar, before Apple acquired the company, bringing Jobs back to the company he would run beginning in 1997.

“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,” continued Jobs.

“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.”

Upon his resignation, Jobs recommended COO Tim Cook for the role of CEO, which the company has since acted upon.

“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.”

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