Steve Jobs Resigns as Apple CEO

by CXO staff    Aug 25, 2011

Apple has announced that Steve Jobs has resigned as Chief Executive Officer (CEO). The company has named Tim Cook as the new CEO. Cook has been working for 13 years at Apple, and was serving as Chief Operating Officer until now.

Jobs is one of the founding members of Apple, and has been idolised by most Apple fans. Needless to say, his resignation has fuelled internet message boards with questions regarding Apple’s future. To prevent fans from hitting the panic button, the Cupertino based company has made it clear that despite his resignation Jobs will continue to serve Apple in his new role as Chairman of the Board.

Jobs is said to be unwell and was on an indefinite leave since January. The website has a biography on Steve which says he is suffering from pancreatic Cancer.

In an open letter posted on Apple’s website, Steve has submitted his resignation and has strongly recommended Tim Cook as CEO. Here is the letter:
“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 Jobs has been a part of even a non techie’s life in the form of an iPod that was born in 2001!

Steven Paul Jobs was born in San Francisco, California on February 24 1955. His biological parents, had him adopted by a lower-middle-class couple from south of the Bay Area, Paul and Clara Jobs.

Infographics on Steve Jobs

Young Steve grew up in today’s Silicon Valley.

In 1969, he met with a computer whiz kid who shared his interests in electronics: Stephen Wozniak, known as Woz. Steve and Woz quickly became friends. After a sabbatical when Jobs even came to India seeking enlightenment at 19, he returned to Silicon Valley.

Jobs focused on Woz’s work on a computer board. Woz was attending a group of early personal computer hobbyists called the Homebrew Computer Club, where he got the idea of designing his own computer (which consisted only of a circuit board at the time).

Steve Jobs saw that many people were interested in his friend’s brilliant work: he suggested they sell the board to them. And Apple Computer was born.

Jobs, who was later sacked by Apple returned to home ground through Pixar, the animation company he co-founded and reinvented the Apple brand through innovations such as ipod, iphone and iPad.

He quits the company at a crucial time when smaller rivals such as Samsung are aggressively increasing the sizes of their smartphone business and Google is acquiring the Motorola mobility business to strengthen its offerings in smartphones with its android platform. Source: CXO,