Steve Jobs, Silicon Valley's CEO and the mind behind the great inventions like iPhone, iPad and other devices that turned Apple Inc. into the world's most powerful technology company, resigned as Chief Executive of Apple Inc. on Wednesday.
Jobs who is on medical leave for an unspecified condition since January 17 said he can no longer handle the job but will continue to play a leadership role.
Apple's chief operating officer and longtime heir apparent Tim Cook was immediately named the company's new leader as recommended by Jobs himself
In a brief resignation letter addressed to Apple's board and the "Apple community," Jobs said he "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."
Genentech Inc. Chairman Art Levinson, in a statement issued on behalf of Apple's board, said Jobs' "extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company."
Levinson also said that Jobs will continue to provide "his unique insights, creativity and inspiration," and that the board has "complete confidence" that Cook is the right person to replace him.
Jobs who is on medical leave for an unspecified condition since January 17 said he can no longer handle the job but will continue to play a leadership role.
Apple's chief operating officer and longtime heir apparent Tim Cook was immediately named the company's new leader as recommended by Jobs himself
In a brief resignation letter addressed to Apple's board and the "Apple community," Jobs said he "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."
Genentech Inc. Chairman Art Levinson, in a statement issued on behalf of Apple's board, said Jobs' "extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company."
Levinson also said that Jobs will continue to provide "his unique insights, creativity and inspiration," and that the board has "complete confidence" that Cook is the right person to replace him.
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