Breaking: Steve Jobs Resigns as Apple CEO

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Apple’s Board of Directors announced that visionary and founder Steve Jobs has resigned as Chief Executive Officer.

Jobs has had some health issues recently, which may have lead to his decision to step down, though health wasn’t mentioned in the press release.

As part of his resignation, Jobs strongly recommended that the Board implement its succession plan and name Tim Cook as CEO. The Board acted on that advice and set Tim Cook, previously Apple’s Chief Operating Officer, as the new CEO. Jobs was then elected Chairman of the Board. Cook will also join the Board.

As COO, Cook was responsible for Apple’s worldwide sales and operations, and even headed Apple’s Macintosh division

While Jobs won’t be leading the company directly, his position Chairman of the Board will ensure that he is still close to the company and instrumental in its direction.

Source: Yahoo! Finance

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About The Author
Joe Levi
Joe graduated from Weber State University with two degrees in Information Systems and Technologies. He has carried mobile devices with him for more than a decade, including Apple's Newton, Microsoft's Handheld and Palm Sized PCs, and is Pocketnow's "Android Guy".By day you'll find Joe coding web pages, tweaking for SEO, and leveraging social media to spread the word. By night you'll probably find him writing technology and "prepping" articles, as well as shooting video. Read more about Joe Levi here.