Business Wire is reporting that Steve Jobs has stepped down as CEO of Apple, but has offered himself as Chairman if the Board of Directors approve. His letter of resignation was short and to the point and recommending that Tim Cook take over his duties.
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.
Tim Cook is familiar with this role taking over for Steve during his medical leave of absence back in 2004 and for a brief time in 2011. Most of Apple’s products should have 2-3 cycles already planned in the pipeline and it will be an interesting to see how he handles taking over the reigns permanently. Not only was Steve Jobs the CEO, he is the company’s visionary and had an innate knowledge of when products should be introduced and marketed.
Steve, we’ll miss you.