Steve Jobs Steps Down as Apple CEO

Apple CEO Steve Jobs has resigned from his position . In a letter to the Apple Board of Directors and Apple Fans , Steve announced his retirement as the Chief Executive Officer . Tim Cook , the company’s Chief Operating Officer has been elected the new CEO . Jobs founded Apple Inc in the year 1976 along with Steve Wozniac and have been alongside the ups and downs of the company .

Due to his health condition , Steve was on medical leave since January 2011 . As he can no longer handle his position efficiently , Steve decided to transfer the responsibility to the next most able person in his company , Tim Cook .

steve jobs and tim cook apple ceo

Steve Jobs with Tim Cook in the left

Stepping down from his post , Mr. Jobs said that

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 C.E.O. 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 C.E.O. 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.

[ Press Release ]

However its no adieu for Mr. Jobs yet. He will be serving the company as the Chairman of the Board and remain as an advisor whenever his need arises . Afterall its Steve Jobs extraordinary vision & leadership that has led Apple to this position where it stands today as the world’s most innovative and valuable company .

We wish him good luck and good health .

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