Posts tagged ‘Resigned’

August 24, 2011

Steve Jobs resigns – Tim Cook is the new CEO of Apple


This is something we have all been expecting but wished would never happen! 😦 Steve Jobs stepped down as the CEO of Apple and its Tim Cook, who takes over the reins at Apple. Steve Jobs said that he would be actively involved in the company’s strategy.

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.


Unsurprisingly, Apple’s stock is at $351 in after hour trading today more than 5% down from $375.16.


As much as I like to bash Apple, I will have to put that aside today. Jobs’ resignation is a sad one for all of us. He’s contributed so much to this industry, it’s sad to see him step down.

Everyone suspects that his resignation has to do with Job’s deterring health which was first disclosed to the public in 2004. I truly wish Steve Jobs all the best and hope to see him serve a long time on the Board of Directors. 

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