Turns out Steve Jobs, CEO of Apple, surprised the public when he announced his resignation as Apples CEO and handed it over to Tim Cook as his replacement.
What does this mean for Apple's future...? Steve plans on being the Chairman of the Board and an active Apple employee. I'm sure even though he isn't CEO, he will still have an influence on Apple.
below is a letter Mr. Jobs wrote:
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.What about his successor, Tim Cook... Apple and Steve himself has great confidence in his abilities in taking the reign as the company's new CEO.
"The board has complete confidence that Tim is the right person to be our next CEO," Art Levinson, chairman of Genentech, said in a statement on behalf of Apple's board. Cook, 50, joined Apple in 1998 as a senior vice president of worldwide operations and was promoted to chief operating officer in 2004. Before joining Apple, Cook briefly served as an executive at Compaq and spent 12 years at IBM, where he ran manufacturing and operations for the company's PC business. Cook earned a bachelor's degree in industrial engineering from Auburn University and an MBA from Duke. Cook is credited with completely restructuring Apple's manufacturing operations, insisting that Apple shut down its overseas factories and farm out the work to third-party manufacturers. As a result, the company reduced inventory and improved margins on its entire product lineup.
|Tim Cook and Steve Jobs|