It was announced this afternoon (August 24, 2011) that Steve Jobs has officially reigned as the chief executive officer of Apple. Chief operating officer Tim Cook will step into his role effective immediately. Jobs will stay on as an elected chairman of the board.“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.”
What do you think this will mean for the company? Are you surprised by this turn of events? How do you think it will affect Apple’s stock? Let me know your thoughts.
