Steve Jobs resigns as CEO of Apple, Tim Cook takes his place

By on Aug 24, 2011 at 6:48 PM
Breaking August 24, 2011

Steve Jobs has officially resigned from his job as CEO of Apple, though he has been elected Chairman. Tim Cook, Apple’s long-time COO, who acted as CEO during Steve Jobs’ medical leaves will replace Jobs as CEO. Full press release from Apple after the break.

UPDATE: Steve Jobs’ letter to Apple and the Apple community

Developing…

Tim Cook Named CEO and Jobs Elected Chairman of the Board

CUPERTINO, Calif.–(BUSINESS WIRE)–Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company”

“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.”

Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices

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  • michael scott

    iQuit

  • Anonymous

    Woot… Bring back Woz!!

  • Applesucksfatties

    Best of luck to Steve Jobs on his battle.  For the iSheep, mark this day on your calendar as “The Beginning of the End of the reign of Apple”..

    • Anonymous

      For the iHaters; whatever…

  • http://www.apple.com/ios/ios5/ BoyRetardedReport

    Steve Jobs was a good man he could go down as the best CEO of all time maybe behind Bill Gates but personally I think he is better….

    But this MAY mark the time of Apple’s dominance ending and let Windows Phone and RIM catch up

  • Fastwalking

    I used to work in the executive offices of a major reatiler.  Our CEO was a brilliant marketing guy who made the company strong and thrive amid incredible competition.

    Then he left one day and he was replaced with an accountant and the company went to heck in a handbasket.

    Jobsey was a creative visionary and was responsible for Apple becoming the company it is today.

    Tim Cook is neither visionary nor creative and if you dont think thats important in this industry, you dont understand the industry.

    This is a major change in direction for Apple and for all the tech industry that built an industry following his lead.

    It’s also a sad day for those of us who love technology and the cool ideas that both brought us here and would have taken us forward.   

    Who’s going to lead the charge now?

    • SDSDASDAD

      who’s going to lead the change now? ME!!!!

  • http://www.affjohn.com John Allison

    love him or hate him, he made apple what it is today. gotta respect that. i hope he stays healthy.

  • HeadsUp

    I new the economy was bad but can we afford to lose Jobs? LOL :D

  • http://twitter.com/King_Of_Caps Jason

    People can say what they want to about Steve Jobs but until innovations from him & Apple brought in the iPhone the phone market had a lot of shitty devices. Palm, Windows & RIM probably would still be making sucky phones & who knows when Android would hav been released. I salute him, even though I own a HTC EVO 4G

  • Ant

    Sadly, Steve’s departure will be the end of Apple. Steve doesn’t look good physically in recent days, he doesn’t have much time to live. Steve, it’s been an honor to have seen you in action and how you made an idea (music, iPod) blossom into an Eco system. You are and will always be one of the greatest leader of our time!

  • Anonymous

    Good riddance…now maybe the successor will open the iOS platform and actually be an innovator again, instead of a mindless sheep following others (I’m looking at you, iOS notification bar).

    I doubt it. Meanwhile, android OS continues to dominate while apple’s marketshare shrinks and shrinks and shrinks, last time I checked it was 60% android/20% iOS. Sounds familiar…just like the desktop market!

  • apple sucks

    Does anyone else notice how far up apples ass the author of this article is? The iPad2 is far from defining anything. Posted from my Blackberry Playbook.

  • http://www.ashburnham-insurance.co.uk Joey

    Is it just me or does this read more like a suicide letter than the resignation of a fortune five hundred ceo?

  • Anonymous

    apple will not be dead in two years they will be dead now after this news..lol true story.. but on a serious note not nice when you hear someone has health problems so i hope he enjoys his time off now and spends it with his family

  • Bringit

    Any of your dochebags that are slamming Steve Jobs are simply haters.  Apple products may not be for you (probably because you are a hater) but you can not deny his contribution to technology.

    Long live Steve JObs, Long live innovation, Long live Apple!

  • http://twitter.com/bufbarnaby Joe

    I never cared for Apple anything.
    Now that the new cheese has been “outed” I despise them even more.
    When I see him on stage , I will wonder if he is “bottom”  LOL

  • http://twitter.com/bufbarnaby Joe

    76 B in cash can`t stop the cancer. Bummer !

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