Here is the just released letter from Steve Jobs:***
PRESS RELEASE: Letter from Steve Jobs
August 24, 2011–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.
***
August 24, 2011, 6:49 PM ET
Jobs brought Tim Cook on board in 1998 to oversee the manufacturing of Apple’s computers.
The Alabama native is an industrial engineer by training, and also earned a master’s degree in business administration from Duke University. Before joining Apple, Cook worked at IBM and at Compaq, the computer company now owned by Hewlett-Packard.
Cook also filled in for Jobs for two months in 2004, when Jobs recuperated from surgery to remove a cancerous tumor from his pancreas. Jobs later turned over to Cook responsibility for Apple’s worldwide sale and its Mac computer division. He was appointed chief operating officer of Apple in 2005, and stepped in for Jobs again in 2009 when the Apple CEO took a medical leave.
(Read Steve Jobs’s resignation letter HERE.)
By The Associated Press | The Canadian Press – 20 minutes ago
PRESS RELEASE: Letter from Steve Jobs
August 24, 2011–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.
***
Meet Tim Cook: Apple’s New CEO
Steve Jobs, the heart and soul of Apple Inc., just resigned as CEO. Apple’s board said it named Tim Cook to replace Jobs as CEO. Cook has been filling in for Jobs since he took a medical leave earlier this year.Jobs brought Tim Cook on board in 1998 to oversee the manufacturing of Apple’s computers.
The Alabama native is an industrial engineer by training, and also earned a master’s degree in business administration from Duke University. Before joining Apple, Cook worked at IBM and at Compaq, the computer company now owned by Hewlett-Packard.
Cook also filled in for Jobs for two months in 2004, when Jobs recuperated from surgery to remove a cancerous tumor from his pancreas. Jobs later turned over to Cook responsibility for Apple’s worldwide sale and its Mac computer division. He was appointed chief operating officer of Apple in 2005, and stepped in for Jobs again in 2009 when the Apple CEO took a medical leave.
(Read Steve Jobs’s resignation letter HERE.)
Text of Apple's announcement that Steve Jobs resigned as CEO
By The Associated Press | The Canadian Press – 20 minutes agoText of Apple Inc.'s announcement that Steve Jobs resigned as CEO:
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'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.
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