BREAKING NEWS: Steve Jobs Resigns, Tim Cook New Apple CEO

Maximum PC Staff

Well here's some big news late on a Wednesday afternoon: Steve Jobs is stepping down as CEO of Apple . There's little information available about the sudden announcement beyond the fact that Tim Cook, previously the COO, will become the new CEO and that Steve Jobs will become chairman of the board.

There's currently no information about the reason behind the resignation, although it's not hard to imagine that Jobs' recent health issues might be a factor.

Here is the text of Jobs' letter of resignation to board of directors:

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.


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