Steve Jobs resigns as Apple CEO

[Correction]

http://news.blogs.cnn.com/2011/08/24...y-as-chairman/

No reason given. Oh look the NYSE already closed.

http://gizmodo.com/5834141/steve-job...s-as-apple-ceo

Tim Cook has been named CEO and Jobs has taken a position as chairman of the board.

Press release courtesy yahoo finance

Press Release Source: Apple On Wednesday August 24, 2011, 6:35 pm

CUPERTINO, Calif.--(BUSINESS WIRE)-- 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.

NOTE TO EDITORS: For additional information visit Apple’s PR website (www.apple.com/pr), or call Apple’s Media Helpline at (408) 974-2042.

© 2011 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Fortune Magazine profile of Tim Cook from Jobs' medical leave of absence in Januray.

Tech Crunch has a copy of the letter.

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

[Skyylya]

fooled by the other thread Interesting to see what happens. I'm not an apple person but this will be fun

[Xajii]

is he still sick?

[archibaldcrane]

That sig is amazing Xaiji.

[Plow]

I love that sig, and I will now forever think of it as the apple idog inspecting the new web interface, macromedia fruit.

[Correction]

Apple designs Macs, the best personal computers in the world

[Skidz]

fooled by the other thread Interesting to see what happens. I'm not an apple person but this will be fun

Would this really affect anything? I don't think he's "done" anything at the company for years.

[Headspace]

Good night, sweet prince.

[Niiro]

is he still sick?

What does he have?

Knowing nothing about the guy but after one look at him I always assumed he had AIDS or leukemia or something. He just looks sick.

[miokomioko]

obligatory:

http://www.geekologie.com/2009/01/19...-jobs-aids.jpg

[Odesseiron]

Pancreatic cancer I believe. Seeing him whither away all these years is really depressing. Definitely a pioneer.

[Kaisha]

Pancreatic cancer I believe. Seeing him whither away all these years is really depressing. Definitely a pioneer.

Ditto.

At least he did have the chance to gracefully step down in his position before anything got worse.

[Antithesis]

What does he have?

Knowing nothing about the guy but after one look at him I always assumed he had AIDS or leukemia or something. He just looks sick.

A rare form of Pancreatic Cancer.

[Tweek]

can't wait for stock to plummet once the world confirms how far apart Apple Co. and Steve Jobs become with one another

[Kerberoz]

Goodnight Sweet Prince. You lived a noble life for the noble cause of separating idiots from their cash.

[miokomioko]

I'm sure corporate Apple employees have some mixed feelings. Everyone that I have known that had to interact with him at the HQ said he was the biggest asshole on the planet.

[Thoronas]

He'd be on a medical leave of absence since January. It was about time for him to pass the torch. Be interesting to see how much Apple stock plummets and if Tim Cook can keep the company going well.

[Vandole]

3 years from now: google buys apple

[Katlan]

Stock will for sure take a big drop until their next big thing. But this is a sad day... He has made Apple what it is today

[Tweek]

3 years from now: google buys apple

I can see it, or some other mega-corp. 3-5 yrs