For the apple lovers, when all are waiting for the october launch of iPhone 5, it s a sad news that recently Apple‘s Chief Executive Officer(CEO) has resigned. Its a sad moment for the Apple’s employees and employers. Today the Board of directors of Apple have announced this news about Steve Jobs‘ resignation. With every change, there are new issues. And for this issue of resignation of Steve, the newness is Mr.Tim Cook, who is the new CEO of Apple as recommended by Steve himself. However, the reason was solely due to to the health problem however, cheer up as he remains at Apple as the Chairman of the Board.
The former CEO of Apple is a 55 year old co founder of Apple who is currently on medical leave for undisclosed condition since january 17 as he is fighting cancer.
Tim has served Apple for 13 years with excellent and outstanding results. He is the recommended Art Levinson on behalf of BOD of Apple says,
“The Board has complete confidence that Tim is the right person to be our next CEO. Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.
Here is the resignation letter of Steve Jobs with the heavy heart
Letter from Steve Jobs
CUPERTINO, Calif.–(BUSINESS WIRE)–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
With the heavy heart there was bit of downfall of trading of Apple shares on Wall Street as it was halted for some time. Regular trading, benefits Apple by 0.7% to close at $376.18.So that was the opportunity cost with the news of his resignation.
It is still in mystery about the real health condition of Job. However it is certainly not up to the mark. However its a good news that he has left Apple and has decided to remain as the Chairman of Apple’s Board of Directors and employee.
