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Steve Job Resigns as Apple CEO

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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.

 

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

The 55-year old Jobs has already taken a break from his position in January for medical reasons -he suffers from pancreas cancer- but his resignation is now official.

As COO, Cook was previously responsible for the company’s worldwide sales and operations, including management of Apple’s supply chain, sales activities, and service and support. He also headed Apple’s Macintosh division.

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