Steve Jobs Resigns

Steve Jobs has resigned from Apple effective immediately.

Steve Jobs

In a stunning end to his long reign, Apple head Steve Jobs has resigned from his post as CEO.

Jobs has struggled with numerous health woes including pancreatic cancer and a liver transplant and has been on medical leave since January. He briefly emerged in March to introduce the iPad 2.

In his resignation letter, Jobs wrote:

"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"

Jobs, who was the executive producer of Toy Story, CEO of Pixar Animation Studios and sits on the board of directors of The Walt Disney Company, started Apple in 1976.

Image courtesy Apple

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