Steve Jobs is resigning as Apple CEO, and its board has named Tim Cook, previously Apple’s chief operating officer, as its new CEO, the company said in a news release today.
Jobs has been elected chairman of Apple’s board and Cook will join the board, effective immediately.
Art Levinson, chairman of Genentech, on behalf of Apple’s board, said in the news release:
“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company. 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.”
In his resignation letter, Jobs writes that:
“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.”
Jobs has a history of health problems. In the past year, he went on his third medical leave of absence in the past seven years to deal with an unspecified medical issue. He has previously survived pancreatic cancer and undergone a liver transplant, according to The Associated Press.
Microsoft said it had no comment on the resignation.