Steve Jobs Resigns

Apple’s legendary head honcho has finally called it quits amid rumors concerning his health. While nothing in his or Apple’s official statements say a peep about his health, speculation is still abound for the 56-year-old cancer survivor. His resignation letter was brief:

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.

Tim Cook, current Apple COO, will take the CEO helm in his stead. Jobs will stay on as Chairman for Apple.

Source:
Reuters