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Steve Jobs resigns as Apple CEO

stevejobsthumbjobs steps down

Steve Jobs has resigned as CEO of Apple in an emotional letter to the company’s board of directors.

“I have always said if ever there came a day when I could no longer meet my duties and expectations as Apple CEO, I would be the first to let you know. Unfortunately, that day has come,” the letter said.

Jobs will serve as chairman of Apple’s board and will be replaced as CEO by Tim Cook.  

The 56-year-old Jobs has been on medical leave since January while Chief Operating Officer Cook took over the day-to-day running of the company.

Jobs’ health woes date back to 2004 when he fought pancreatic cancer before undergoing a liver transplant in 2008.

As his letter indicates, Jobs’ health is obviously still a concern and his focus will now shift to regaining his health rather than running Apple.

As chairman of the board Jobs will still have significant influence over the decisions the company makes and the direction it takes.

Steve Jobs' emotional resignation letter to the Apple 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,” said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board.

“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.

“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson.

“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 co-founder Steve Jobs during a keynote in his traditional black turtle neck and jeans.

Tim Cook, the former COO and now new Apple CEO, has taken over as acting CEO for Jobs twice so is no stranger to the role.

Cook has worked at Apple since 1998 and has been instrumental in guiding the company to success during a period which the company dominated with products including the iPod, the iPhone and, more recently, the iPad.

Jobs, who co-founded Apple with Steve Wozniak on April 1, 1976, tendered his resignation to the Apple board yesterday.

He has played a key role in the company’s growth and dominance in the marketplace today.

An authorised biography of Steve Jobs written by Walter Isaacson will be published on November 21 after being brought forward from its slated March 2012 release date.

The cover to the authrorised Steve Jobs biography by Walter Isaacson due in November

Jobs has been one of the most visible and hands-on CEOs in the world. His trademark keynotes revealing Apple’s latest products have stopped the tech world in its tracks.

It was not unusual to see Apple’s product announcements make the evening news and create headlines around the world.

Most of the credit for that goes to Jobs who created a culture at Apple which meant nothing was revealed about their products until they were good and ready to talk about them.

This gave way to countless rumour sites and endless speculation about Apple’s next move with every tidbit of information created a stir on the internet.

The latest speculation now surrounds Apple’s impending iPhone 5 which is expected to be announced in September.

If and when the launch event takes place, it is unknown whether Steve Jobs will take the stage to reveal it to the world.