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Steve Jobs Resigns As Apple CEO

Steve Jobs, co-founder of Apple, has stepped down as CEO.

It was just announced that Steve Jobs has resigned as CEO of Apple.

As Reuters reports, “The pancreatic cancer survivor and industry icon, who has been on medical leave for an undisclosed condition since January 17, will be replaced by COO and longtime heir apparent Tim Cook.”

Jobs co-founded Apple in 1976, but was essentially forced out of the company in 1985, after a power struggle with then-CEO John Scully. Jobs was brought back in as an adviser, and ultimately as CEO, in 1996. At the time, Apple was struggling financially. He helped reverse the company’s fortunes, and turn Apple into the expansive tech-juggernaut it is today.

Below is a letter from Steve Jobs to the “Apple Board of Directors and the Apple Community,” announcing his resignation, courtesy of Business Wire.

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.


Replacing Jobs as CEO is Tim Cook, a “13-year Apple veteran, who joined the company shortly after Mr. Jobs took over the company for the second time in 1997,” the Wall Street Journal reports. Cook “has been running the day to day operations during this period as he has done during two prior medical leaves of absence by Mr. Jobs in the last seven years.”

Details to the severity of Mr. Job’s health condition are unknown at this time, but our thoughts go out to him and his family.

Recommended Reading: A Marketing Lesson From Apple, Circa 1984

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