Steve Jobs Resigns as CEO from Apple

Apple’s board of directors announced last night that Steve Jobs has resigned as the company’s CEO, and Tim Cook has been named CEO. Jobs has taken a position as chairman of the board.

Although the news is shocking, it’s not entirely out of left field, as health problems had interfered with Jobs’ day-to-day duties with the company in recent years. In 2004, he was diagnosed with pancreatic cancer, and had surgery to remove the tumor, which was successful. However, due to his increasingly frail appearance and absences from Apple events, the state of his health was often under speculation.

In 2009, Jobs underwent liver transplant surgery and returned to work shortly after. This year, however, he took a leave of absence and left Cook in the role of acting CEO. His absence is now permanent, and it’s hard to imagine an Apple without Jobs – his “pet projects” are some of Apple’s most well-known and most-purchased items:  the iMac, iPod, iPhone, iPad, etc.

In a letter to the board of directors, Jobs wrote, “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.”

With any luck, his resignation isn’t an indication of declining health.

source photo

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