Steve Jobs Resigns as Apple CEO

Today, Steve Jobs has given up his legendary reign as CEO of Apple. In his resignation letter, below, he seems to imply that it is for health reasons. However, Steve has decided to continue his involvement in Apple serving as Chairman of the Board. He recommended that Apple appoint Tim Cook (formerly Chief Operating Officer of Apple) as his successor.

"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