Steve Jobs has announced that he immediately resigns as CEO (Chief Executive Officer) of the company he co-founded in 1976. In an open letter he writes that he can “no longer meet his duties and expectations as Apple’s CEO,” which probably is related to the fact that he has been on medical leave of absence since January. Jobs was treated for pancreatic cancer in 2004 and had a liver transplant in 2009.

Shortly after the news of his resignation, Apple’s Board of Directors announced that the COO (Chief Operating Officer), Tim Cook, steps up as new CEO of the company , which is fully in line with Steve Jobs will.

Yesterday’s announcement does not mean that Steve Jobs will be leaving the company altogether. He will remain in the company as a Chairman of the Board, director and Apple employee.

Below you can read Steve Job’s letter to the Apple Board of Directors and the Apple Community in full:

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.


Today, Tim Cook sent his first email as the new newly appointed Apple CEO to all company employees. In this email he promises the employees that Apple as a company will not change. The principles and values ​​that Steve Jobs built up will continue under Tim Cook.

Below is the full text of the e-mail, which according to ars technica comes from a reliable source, and the headers have been verified:


I am looking forward to the amazing opportunity of serving as CEO of the most innovative company in the world. Joining Apple was the best decision I’ve ever made and it’s been the privilege of a lifetime to work for Apple and Steve for over 13 years. I share Steve’s optimism for Apple’s bright future.

Steve has been an incredible leader and mentor to me, as well as to the entire executive team and our amazing employees. We are really looking forward to Steve’s ongoing guidance and inspiration as our Chairman.

I want you to be confident that Apple is not going to change. I cherish and celebrate Apple’s unique principles and values. Steve built a company and culture that is unlike any other in the world and we are going to stay true to that—it is in our DNA. We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do.

I love Apple and I am looking forward to diving into my new role. All of the incredible support from the Board, the executive team and many of you has been inspiring. I am confident our best years lie ahead of us and that together we will continue to make Apple the magical place that it is.


Is this the end of the road for Apple? Or will the company keep making innovative products that the rest of the world tries to copy in the years to come, as they have done under Steve Jobs?

Feel free to share your thoughts in the comments below.