Steve Jobs Resigns as CEO of Apple
Tim Cook Named CEO and Jobs Elected Chairman of the Board
CUPERTINO, California—August 24, 2011—Apple’s Board of
Directors today announced that Steve Jobs has resigned as Chief Executive
Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating
Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board
and Cook will join the Board, effective immediately.
“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. “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 Board has complete confidence that Tim is the right
person to be our next CEO,” added Levinson. “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.”
As COO, Cook was previously responsible for all of the
company’s worldwide sales and operations, including end-to-end management of
Apple’s supply chain, sales activities, and service and support in all markets
and countries. He also headed Apple’s Macintosh division and played a key role
in the continued development of strategic reseller and supplier relationships,
ensuring flexibility in response to an increasingly demanding marketplace.
Apple designs Macs, the best personal computers in the
world, along with OS X, iLife, iWork and professional software. Apple leads the
digital music revolution with its iPods and iTunes online store. Apple has
reinvented the mobile phone with its revolutionary iPhone and App Store, and
has recently introduced iPad 2 which is defining the future of mobile media and
computing devices.
Press Contacts:
Katie Cotton
Apple
katiec@apple.com
(408) 974-7269
Steve Dowling
Apple
dowling@apple.com
(408) 974-1896
PRESS RELEASE: Letter from Steve Jobs
August 24, 2011
–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.
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