Tim Cook has been named the new Apple chief operating officer as Steve Jobs and Apple announced on Wednesday that the iconic CEO has stepped down from his post.
In a press release, Apple said: “Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO.”
Furthermore, Apple said that “Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.”
Cook will now be responsible for the day-to-day running of Apple as Jobs takes on a less taxing role as the Chairman of the Apple Board of Directors.
In a letter also published by Apple, Jobs said that the day has come “when I could no longer meet my duties and expectations as Apple’s CEO”.
“As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple,” Jobs said.
Cook was “previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries” as COO.