Well it seemed inevitable at some point soon it was going to happen. Yesterday Steve Jobs announced his retirement due to his worsening health problems, which began with his diagnosis of a rare form of treatable pancreatic cancer. In 2009 Jobs underwent a liver transplant and returned to Apple after a medical leave of absence. He had continued to make some contributions to the organization during this period. In January of 2011 he was again granted another leave of absence and he once again oversaw major strategic decisions, while Tim Cook looked after the day-to-day operations of the company. He continued to appear at important keynote events for such as the launch of the iPad 2 and the WWDC 2011. On Wednesday August 24th he made his resignation official with the following letter to the board of directors.
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.
Tim Cook has officially been promoted to CEO at Apple. At this point I would like to wish Steve the very best with his future and sincerely hope his health issues can be resolved as quickly as possible. Cook has worked for the Cupertino giant for 13 years and is regarded as an operational genius and the ideal candidate to succeed Jobs. In my personal opinion Steve has obtained a legendary and iconic status in the world of computing technology he is widely regarded as a visionary and creative revolutionary for his development of such products as OS X, the iPod, the iMac, iPhone and iPad to name but a few. Apple have issues a press an official press release regarding this story.
“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 Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. “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.”
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