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vrfranks · Joined: 17 Feb 2011 Posts: 47

Steve Jobs, the master mind of Apple, the guy in the black t-shirt and blue jeans from all those apple conferences has resigned from his position of CEO and has named the current COO of Apple, Tim Cook, as his replacement. Apple said that “Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company.” Surely no one was expecting this, not before the launch of the much awaited iPhone 5. Some sources claims that perhaps his health wasn’t on 100% and perhaps Jobs decided to call it quits on that note. However the company has confirmed that Jobs will remain Chairman.

Steve himself published the following letter:

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

Steve Jobs resigns as CEO of Apple