Steve Jobs Retires As CEO Of Apple Computers

Apple co-founder and CEO Steve Jobs shocked the tech world yesterday by announcing to the Apple board of directors and the world that he is retiring as CEO of the company. As you may recall, Jobs took a medical leave of absence back in January of this year - his second medical leave in 2 years. Yesterday's announcement was not about a short-term leave of absence ... he will NO LONGER be the chief executive officer at Apple. Click below for some deets about his announcement and read the resignation letter Jobs issued to the Apple board of directors. 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'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." "The Board has complete confidence that Tim is the right person to be our next CEO," added Levinson. "Tim's 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does." Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.
Here is the full text of Steve Jobs's resignation letter:
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 ...

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