We did see this was coming but didn’t expect it to come so early. Steve Jobs has announced to resign as a CEO of Apple Inc. Jobs says its his inabilities to meet his duties and expectation as Apple’s CEO, the reason for the resignation. Effectively immediately, Tim Cook will assume the position of CEO whereas Jobs will be elected as a Chairman of the Board.
The departure of Jobs will be greatly felt but this seems to be the best time for him to leave as under his leadership Apple has grown to be the world’s most valuable company and is leading in lucrative smartphone and tablet markets.
Letter from Steve Jobs:
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
Leave a Reply