Breaking! Steve Jobs Resigns as Apple's CEO!

Steve Jobs has resigned as CEO of Apple in a letter to Apple's Board of Directors. In his letter, Steve asks to remain Chairman of the Board and appoints Tim Cook as his successor. The board has approved these requests, effective immediately.
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
Art Levinson, chairman of Genentech and an Apple board member for more than 10 years, issued this statement on behalf of the board:
Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company. 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.
Jobs was diagnosed and treated for pancreatic cancer in 2004. He's taken three separate leaves of absence for medical reasons during that time. In 2009, Jobs had a liver transplant at Methodist University Hospital in Memphis, TN. He has been away from his day-to-day duties since January of this year.

Regarding Tim Cook's appointment as CEO, Levinson wrote:
The Board has complete confidence that Tim is the right person to be our next CEO. 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.
Apple's stock was paused in after-hours trading at 4:19PM for approximately 35 minutes. The final trade was at $375.56. When trading resumed at 4:55, Apple's stock was down more than 5% to $351.

Category:

Science & Technology

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• Apple
• Steve
• Jobs
• resigns
• press
• conferences
• letter
• CEO
• COO
• tim
• cook
• apple
• events

[12345678NEVO]

Maybe you cam make a Steve jobs good moments video

[TheLatesTech]

@12345678NEVO When were there any Bad Moments? Haha

[bennyboyz1000]

Nerd

[IsaacMontoya304]

You should do a Video on iPad 3. I think we need an update to that..

[theJoker5234]

What annoys me that steve jobs needed a new liver.... He got it in 2 months.And there are other people witch wait 2 years for it or even small children..... And he got it in 2 months

[Galaxy541]

Nice

[alittleolder]

Are you going tanning?

[teammotatron]

well god damn

[ThePhaseTwo]

:'(

[coolvidzdude]

You really love up to your name: latestech. I saw that come up on my twitter feed and u jumped on it in no time. cool vid