Andre Yoskowitz
24 Aug 2011 18:37
Apple’s Board of Directors have announced that CEO Steve Jobs has resigned his position, 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.
"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," said Jobs.
Apple has had Cook as the next in line for a few years now as Steve Job's health has been in flux.
"Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company," added Art Levinson, Chairman of Genentech, and Apple Board member. "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."