Steve Jobs has resigned as CEO of Apple in a letter to Apple’s Board of Directors and Steve asks to remain Chairman of the Board and appoints Tim Cook as his successor. The board has approved these requests, effective immediately and he will still be active at Apple and is expected to continue to be involved with company strategy. Apple said that Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company……………..

Apple’s Board of Directors announced that Steve Jobs has resigned as Chief Executive Officer the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately. Apple said, “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.” “Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”  “The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.” Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO. As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple‘s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace. You will find some vidoe of Steve’s golden moments:

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