Thursday, August 25, 2011

Jobs steps down as CEO; Tim Cook is new head

Steve Jobs has resigned as CEO of Apple and company COO Tim Cook has been appointed the new head of the company.

Jobs has been elected to the post of Chairman of Apple.

In his letter to the Board, Jobs wrote:
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.
See the letter from Jobs here and the press release from Apple announcing the resignation and appointment of Tim Cook here.

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