Steve Jobs resigns as Apple ceo

In an open letter to Apple, the Silicon Valley legend asked to remain as chairman of the board, and recommended that Apple's current chief operating officer Tim Cook take his place as ceo. The 56 year old has faced ongoing health issues since being diagnosed with pancreatic cancer in 2004. Although not unexpected, the announcement marks a sad day for the tech giant and the industry itself. Jobs is widely seen as the creative force that has driven Apple to become one of the world's biggest companies. "Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company," said Art Levinson, chairman of Genentech, on behalf of Apple's board. He continued: "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." The full letter is below: 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. Steve