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Steve Jobs resigns as CEO of Apple

Snake Plissken

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Apple CEO Steve Jobs, who is also the CEO of Pixar Animation Studios and part owner of Walt Disney Studios, has resigned from his duties at Apple. It isn't known how this new development will affect both Pixar and Disney at this time. You can read the official press release announcing Steve Jobs' resignation below.


"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.


As COO, Cook was previously responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple's supply chain, sales activities, and service and support in all markets and countries. He also headed Apple's Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.


Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices."



Steve Jobs also released a personal letter he wrote to the Apple board of directors and the entire Apple community, which you can read below.


"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.




Wow, this could have some major impact on the Apple brand as a whole, I assume it's to do with his illness though.

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Am I the only one who didn't know Jobs was the CEO of pixar as well? No wonder he had ill health!


I can't see this afecting apple too much. He may be stepping down as CEO, but I would be genuinely shocked if he wasn't still around in a lesser role, steering from the back seat with much reduced hours.

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A few days ago, someone on CBS Evening News compared Steve Jobs to Isaac Newton. I've got nothing against Apple, but come on.


Yeah it has been over the top, hes been a pioneer in some ways and has been repsponsible for massive advancement and growth, particularly with the iPod but he is still just an inventor and gadget man.

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