Apple CEO and co-founder Steve Jobs resigned today as chief executive officer from Apple. His place at the top of the company will be taken by Tim Cook, previously Apple's chief operating officer.
Jobs has been dogged by a string of health problems in recent years and forced him to take periodic leaves of absence from the company. Jobs announced in January that he was taking an indefinite medical leave from Apple--his third in recent years--and handed over day-to-day responsibility to Cook.
In a separate note to Apple's board members and the Apple community, Jobs said that "Apple's brightest and most innovative days are ahead of it," and that he looks forward to contributing as Apple's chairman of the board, director, and Apple employee if the board allows it.
More to come. In the meantime, here's the full press release from Apple:
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 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."
"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.