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Steve Jobs Resigns from Apple Immediately

Resignation Letter Urges Board to Appoint Tim Cook, Which It Did

Steve Jobs has resigned effective immediately.

His letter of resignation follows. He recommended that Tim Cook be named to replace him as CEO and the Apple board did as he asked.

"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" 

Note: Apple’s stock is down ~5% after this became news, but really nothing much has changed. Cook may not be Jobs but he has been running the company for quite a while and Jobs is still involved.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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