I believe Apple’s brightest and most innovative days are ahead of it. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.Īs far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook 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. The following is Jobs' letter to the Board: 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.”
“The Board has complete confidence that Tim is the right person to be our next CEO. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.” “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. “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 Apple Board member Art Levinson. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.Īfter hours trading on Apple stock was halted immediately in the wake of the news. The Apple Board named Tim Cook, previously Chief Operating Officer, as the company’s new CEO. He recovered from pancreatic cancer after surgery in 2004. He previously took a leave of absence in 2009 when he received a liver transplant, then returned to the company. Jobs has been on medical leave since January. Steve Jobs sent a letter to the Apple Board of Directors and the Apple Community this morning announcing that he's stepping down as CEO.
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