Steve Jobs has resigns and steps down as Apple CEO. The position is now given to Tim Cook formally the COO of Apple. Tim has been acting CEO while Steve Jobs was on sick leave last year.
Jobs, who co-founded Apple in 1976 with Steve Wozniak, was forced out in 1985 by then-CEO John Scully and the Apple board. Steve returned to an Apple in early 1997 when the company acquired NeXT and Jobs was named CEO in 2000.
August 24, 2011
Letter from Steve Jobs
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.