Steve Jobs Resigns as Apple CEO, Tim Cook Steps In

CUPERTINO: Steve Jobs is leaving his CEO post at Apple, while COO Tim Cook takes over the role and Jobs becomes chairman of the board.

Jobs said in his letter to the Apple board of directors: "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."

In his resignation, Jobs strongly recommended Cook for the CEO role. Cook was previously responsible for all of the company’s worldwide sales and operations. He also led Apple’s Macintosh division and was instrumental in the continued development of strategic reseller and supplier relationships.

Jobs’ letter continued: "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."

“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, the 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.”