Steve Jobs, a 55 years-old CEO waves his hand to say FINAL GOOD BYE to his 14 years reign and will be replaced by chief operating officer Tim Cook.
Apple’s website officially published a letter from Steve Jobs regarding his resignation at Apple Press Info on Wednesday, August 24 2011:
Letter from Steve Jobs
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.
Mr. Jobs had briefly emerged from his medical leave in March to unveil the latest version of the iPad and later to attend a dinner hosted by President Barack Obama for technology leaders in Silicon Valley.
Jobs is seen as the heart and soul of Apple, with analysts and investors repeatedly expressing concern over how the Cupertino, California-based company will fare without the figure seen as its driving force.
The announcement focuses attention on the health of Mr. Jobs, who was diagnosed with a rare form of pancreatic cancer in 2004 and underwent a liver transplant two years ago. Mr. Jobs hasn’t commented on it since he said in a letter in January that he was taking another leave of absence to “focus on my health.” Then, he appeared thin at Apple’s annual developers’ conference in June.
Analysts again expressed confidence in the Apple bench, headed by longtime company No. 2 and supply-chain maven Cook.
Investors are very comfortable with Tim Cook even though Jobs has been a driver of innovation and clearly an Apple success. Tim has shown Apple can still outperform extremely well when he’s been acting as CEO
said Cross Research analyst Shannon Cross.
“I don’t know if it’s a health issue. I don’t know if it is a shock. Most likely it was going to happen at some point. Why today versus another day? I don’t know.”
THE NEXT BIG QUESTION IS WILL TIM COOK ABLE TO HANDLE THE PEAK TIME OF APPLE LIKE JOBS DID?
WHICH NEXT TECHNOLOGY IS TIM TALKING ABOUT WHICH WILL MAKE PEOPLE FORGET MR.JOBS?
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