Apple CEO Steve Jobs Resigns

By Jessica Davis  |  Posted 2011-08-24

An east coast earthquake, a hurricane and now Steve Jobs has resigned as Apple's CEO.

In a note addressed to the Apple Board of Directors and the Apple Community, 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."

Appleā€™s board has reportedly accepted the succession plan, naming Tim Cook to lead Apple.

Jobs has been on an indefinite medical leave from the company since January, 2011. He previously had taken medical leaves as a pancreatic cancer patient and liver transplant patient, but returned from those leaves. His resignation marks a new era for Apple.