Steve Jobs Resigns, Tim Cook is the new CEO

A legend, a successful business leader and a brilliant innovator. We are, of course, talking about Steve Jobs, and he has now stepped down as the CEO of Apple, after about 14 years. Steve Jobs has now been elected as a chairman of Apple’s board.

While Jobs is no longer the CEO, the company’s former Chief Operating Officer, Tim Cook has replaced Jobs as the CEO and a member of the board, effective immediately. Jobs had submitted his resignation early Wednesday and insisted the board to name Tim Cook as CEO. Apple has released Steve Jobs’ resignation letter and it reads as follows;

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.

—Steve

It all started with Steve Jobs, Steve Wozniak and Ronald Wayne (who left after while) determined to make computers truly personal. They released the Apple I personal computer kit and the company today is making its own amazing software. Soon afterwards, the company, under Jobs’ tutelage, pioneered the post-PC era with truly revolutionary products sich as the iPod, iPhone and more recently, the iPad.

Well, there is a lot of history behind Steve Jobs and we are very sure you already know quite a lot about it. In my personal opinion, I strongly believe that Time Cook would be a great Apple CEO and with Steve Jobs undergoing cancer treatments, I had prepared myself for his resignation. However, more on this later, as we continue talking about Mr. Jobs for the rest of the week.

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