Steve Jobs Resigns As CEO Of Apple

In a surprise announcement today, Steve Jobs resigned as CEO, Tim Cook will replace him. Jobs will be a chairman for the company. Below is the full letter that Jobs sent to the board of directors:


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 Jobs was seen as one of the most hands on and involved CEO's around, and its credited as reinvigorating the Apple brand starting with iMacs and iPods, all the way to today, with the iPhone and iPad.


I believe Apple will be fine after this announcement, from the letter you can see Apple had a succession plan in order. I also believe that Tim Cook understands Jobs' vision and will guide the company in that direction.


What are your initial thoughts? Leave a comment below.