Steve Jobs leaves Apple, Tim Cook named as new CEO
Like what the song said "Every new beginning comes from some others beginning's end" and it appears that's happening to Apple right now. In an email Steve Jobs sent his resignation letter to Apple’s Board that he’s resigning as the CEO of Apple and want to serve as Chairman of the Board and still be an Apple employee. He also recommend that the next CEO should be Tim Cook, Apple's current COO.
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.
Apple did confirm that Steve Jobs will be elected as the company's Chairman of the Board and Tim Cook will now be the new CEO and will also join the Board as well.