CUPERTINO, California--August twenty-four, 2011--Apple's Board of Directors today announced that Steve Jobs has resigned as Ceo, and the Board has named Tim Cook, previously Apple's Chief Operating Official, as the company's new CEO. Jobs has been elected Chairman of the actual Board and Cook will join the Board, effective immediately.
"Steve's extraordinary vision and leadership saved Apple and guided it to its position since the world's most innovative and valuable technology company, " said Art Levinson, Chairman associated with Genentech, on behalf of Apple's Board. "Steve has made countless contributions in order to Apple's success, and he has attracted and inspired Apple's immensely creative employees and first class executive team. In his new role as Chairman of the Board, Steve will still serve Apple with his unique insights, creativity and inspiration. "
"The Board has complete confidence that Tim may be the right person to be our next CEO, " added Levinson. "Tim's 13 years of service to Apple happen to be marked by outstanding performance, and he has demonstrated remarkable talent and seem judgment in everything he does. "
Jobs submitted his resignation to the Board today and strongly recommended how the Board implement its succession plan and name Tim Cook as CEO.
Because COO, Cook was previously responsible for all of the company's worldwide product sales and operations, including end-to-end management of Apple's supply chain, sales activities, and service and support in most markets and countries. He also headed Apple's Macintosh division and played a vital role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in reaction to an increasingly demanding marketplace.
Apple designs Macs, the best personal computers on the planet, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution using its iPods and iTunes online store. Apple has reinvented the mobile phone using its revolutionary iPhone and App Store, and has recently introduced iPad 2 that is defining the future of mobile media and computing devices.