Steve Jobs resigns as Apple CEO

 Steve Jobs has stepped down as the CEO at Apple after he said he could no longer fulfill his chief executive's duties and expectations.

He is to be replaced by Apple's chief operating officer Tim Cook.
Mr. Jobs has been on medical leave since the 17th of January after undergoing a liver transplant following pancreatic cancer.
Apple press released Mr. Jobs letter to the Apple board;

August 24, 2011

Letter from Steve Jobs

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
Mr. Jobs, 56,  will remain at Apple as chairman of the board.
                                 ITNEWSER 
      

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