Steve Jobs, the man who built Apple Inc twice and changed the face of the tech industry many times over, has resigned from his post as CEO of the world’s most valuable and arguably currently most illustrious tech company.
According to an announcement from Apple’s Board of Directors, Jobs resigned on Wednesday.
A letter from Jobs addressed to the Apple Board of Directors and the “Apple Community” said that he was resigning from his post because he could “no longer meet my duties and expectations as Apple’s CEO”.
“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,” the iconic former Apple CEO said.
“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,” Jobs added.
He recommended that Timothy Cook, Apple’s chief operating officer, be named his successor.
The Apple Board of Directors has named Cook as the new Apple CEO.