Steve Jobs Resigns as CEO of Apple

 
on August 25 2011 9:01 AM

Steve Jobs has resigned, stating that he can no longer meet my duties and expectations as Apple's CEO.

Late on Wednesday afternoon, the iconic Jobs announced to the Apple Board of Directors and the Apple Community that he has decided to leave his position as the Chief Executive Officer of Apple Corps.

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, stated Jobs. I hereby resign as CEO of Apple.

For the countless Apple and Job fans, there was some consolation; this time around, Jobs is not abandoning the company for a new venture.

I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee, Jobs said.

The news, although admittedly stunning and sudden, was by no means unprecedented; Jobs had experienced health problems for years, the details of which were not often made public. Having been treated (reportedly successfully) for pancreatic cancer in 2004, Jobs took a leave of absence early in January of 2009 and underwent a liver transplant a few months later. Less than two years later, in January of this year, Jobs again went on medical leave and has made only sporadic appearances since then.

During each period, the acting CEO has been Apple Chief Operating Officer Tim Cook, and Jobs restated his recommendation 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, Jobs concluded. 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.

 

James Lee Phillips is a Senior Writer & Research Analyst for IBG.com. With offices in Dallas, Las Vegas, and New York, & London, IBG is quickly becoming the leading expert in Internet Marketing, Local Search, SEO, Website Development and Reputation Management. More information can be found at www.ibg.com. East-Side Lenders strives to set the standard for the online pay day loan business. They are dedicated to providing premier alternative financing and helping people receive a quick a pay day loan.

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