Steve Jobs Resigns From Apple

Steve Jobs has stepped down from his position as CEO of Apple.

“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,” the 55-year-old CEO said in his letter of resignation.

Steve will be replaced by Tim Cook, the company’s current COO. Jobs will become Apple’s chairman of the board of the directors.

Steve‘s health has often been in question after he received a liver transplant for pancreatic cancer in 2009.

Click inside to read Steve Jobs‘ full letter of resignation…

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