Breaking: Steve Jobs Resigns as Apple CEO, Tim Cook steps in

As I opened up the net this morning, the most shocking news I came through is Steve Jobs resignation as Apple CEO. Now that is a sad news on the part of die heart Apple fans. Jobs submitted his resignation yesterday and endorsed Tim Cook’s name as the new CEO of Apple Inc. Steve Jobs, the Founder of Apple, has contributed a lot to the company. He had extraordinary creativity skills and vision that took Apple to the zenith in the field of technology. Although resigned as CEO, Jobs has been elected as the Chairman of the Board. The text of Jobs resignation is stated below:

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.
Steve

About Tim Cook

Tim Cook has worked with Apple as Chief Operating Officer since seven years. Cook joined Apple during 1998 as Senior Vice President of worldwide operations and elected as COO in 2004. Art Levinson, Chairman of Genentech, on behalf of Apple’s Board, stated that Tim Cook is the right person to be Apple’s next CEO. Before joining Apple, Cook has worked for Compaq as an executive and then in IBM for 12 years. He has worked with Steve Jobs at shareholder events and played a huge role in product launches.