Steve Jobs Resigns As CEO Of Apple, Names COO Tim Cook His Successor [Breaking]

Surprising news today from Cupertino that Steve Jobs resigned as CEO of Apple, Inc. Jobs has stepped down and the board is naming Tim Cook as his replacement. The company said, “Steve extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company, ” and Jobs stated:

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

Steve Jobs will remain as the Chairman on Apple’s board. Check out the complete press release after the break.

Steve Jobs Resigns as CEO of AppleTim Cook Named CEO and Jobs Elected Chairman of the BoardCUPERTINO, Calif.–(BUSINESS WIRE)–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 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.”
“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.”Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

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.

  • Image allaboutstevejobs.com”
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  • derekedelaney

    wow. unexpected. 

  • jonathanlking

    So sad :(

  • munale

    sad indeed

  • Stephen Cook

    Thanks to Steve Jobs for you’ve done

  • DanielGemmell

    Very unexpected :O

  • UNOwenNYC

    I’ve always knew this day would come. In Mr. jobs, there’s a unique triumvirate: a business man, a man with a sense of style, and – as the founder of Apple, the love of a father.

    This is not something any ONE person can embody in this lifetime.

    I want to thank Mr. Jobs, for all the fun, cool products Apple’s given birth to – his children. The world is such an insanely greater place thanks to his vision, his…love.

    I wish him, his family all the best wishes – and I speak for a lot of us.

    I know Mr Jobs left Apple with people he’s trusted, nurtured, and believes have the abilities needed to continue Apple into the future.

    I’ve owned Macs, iPads since ’86. NOTHING has ever made work more enjoyable, and made having fun, listening to a tune, and… just enjoying technology as pleasurable as these products I’ve got from Apple.

    Please don’t be a stranger, Steve! From me, and many, MANY others, THANKS for the memories, the dreams.

  • LukealiciousX

    That’s so sad. But I guess he needed to be revealed of those position because of his heath.

  • ‘CeJay Rocha’

    A sad day…….

  • ADimensionOfMind

    Had to happen at some point, glad to see he’s not leaving the company. But let’s face it with Apple now at such dizzying heights of brand recognition, there’s no better time for Steve to relax a little but still help chart the company’s course. Tim Cook knows his stuff, Apple is in good hands. Thanks for everything Steve you should be very proud, the best I’m sure is yet to come : )

  • Connor Mulcahey

    Will he still be presenting the keynote next month??????

  • Steven Chaffer

    Gotta say.. Steve has changed my life in many ways. Thanks buddy!

  • aquraishi

    We knew it was coming but it’s sad nevertheless.

    I don’t worry about Apple though. It seems clear that Steve and the board have done a good job preparing the leadership team to continue without his occupying the CEO role. The times Tim and the executive team have had to take over from Steve were better ‘practice runs’ than the vast majority (if not all!) of leadership teams get to experience!

  • zrosenberg

    For me it’s the end of an era.  Steve Jobs has been one of my heroes ever since I bought my first “fat Mac” in 1985. . . the true innovator in the technology world. .

  • Jäger-Jon Punshon

    It was always expected but it doesn’t change the fact it’s a sad time for Apple geeks :( Tim Cook will do a great job but will never be the same as the iconic Steve Jobs! An amazing man, who built a company that is now wealthier then the United States, nothing and no one can beat his stature.  

  • Alejandro Brozon

    Just… Thank you Steve

  • Dickusmagnus

    A wonderfully accomplished person. No American since Henry Ford had such influence in business.
    Thanks for the memories. Thanks for the products. And thanks for the profits!

  • Christopher Turcotte

    With Tim at the helm now, I wonder who will take his place as COO? Best of luck to SJ, you’ve built and guided one the most amazing businesses ever. The world owes a debt to you and all the people to have ever worked for that company. It would be an entirely different landscape had it been otherwise. Thank you once more.

  • GDal

    The news that he was resigning shocked me. I did not expect that. I hope he’s in good health. 

    I hope Apple will remain the innovative leader it has come to be under his reign. His vision and ability to execute are second to none.

  • Cold_dead_fingers

    So sudden. Steve Jobs is a great CEO, one of the greatest. He picked up a drooping company and brought them to everyday conversation. He took amazing products and reinvented them, 7x over. Most importantly, though, he created the world’s most popular consumer device company and handed the keys over to another person. He let his baby go.

    From 1976-1985, 1997-2011

    It’s really been great. The computers being designed and built by Apple are phenomenal products. I only hope that Steve’s vision will live on in the company.

    BKR ?

  • kozjegyzo

    How will the cult survive without it’s fearless icon? Does Apple have a backup tank of magic, revolutionary-ness? The beginning of the end? We’ll see… 

  • Irshad Farook

    Steve Jobs Resigns as Apple CEO. Goodbye Innovation it was nice knowing you
    http://www.facebook.com/pages/

  • willsmorgan

    Love you Steve.

  • imbenking

    I doubt it. But one last appearance would be amazing. 

  • Wayne_Luke

    Changing of the guard. Hopefully Tim Cook is the man to keep the ship on course. Right now Wall Street is slamming the company with a 5% and $19 dollar drop in stock price. So the news is not going over well in financial markets.

    Best of luck to Steve and his family. Best of luck to Tim Cook and Apple.

  • ALEX JOEY

    I just p a i d $21.87 for an i P a d 2-64GB and my boyfriend loves his Panasonîc Lumîx GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS.I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $657 which only cost me $62.81 to buy.
    Here is the website we use to get it all from, http://BídsFírst.Com

  • imajoebob

    Am I really the only one who thought this happened back in January when he took another “leave of absence?”  The last 7 months have just been a pro forma masquerade so people would get used to seeing Cook running the company.  Jobs didn’t formally quit until now, but he actually stepped down in January.

    Just to stir the pot, maybe it was a month of (not) getting used to Cook’s leadership that led to the rumours of Ive wanting to leave?  But it’s been awhile now, and that seems to have shaken itself out.

  • Gregj7

    iHope . . .

  • Dilbert A

    Thank you Steve for pushing technology forward and making it more accessible. You built a great company that delivers wonderful products.Best wishes!

  • Sbarlow

    To Steve Jobs, You are My HERO

  • Jose

    He is still gonna be an employee at a Apple (and Chairman of Apple). And knowing how much he is appreciated in the company, my best bet is that they are gonna let him do whatever he wants. Unless Cook wants to take over and wants to do the keynote. But I’m thinking that Steve will do the keynote X))

  • revivalasia

    Thanks Steve for great devices and a great OS. Life is so much simpler now. The best years of Apple are yet to come. Transitions are never easy, but legacy and innovation will not falter. Go from strength to strength and keep on pushing the limits and redefining beauty in technology.

  • bolehillbilly

    I’m not surprised he did not do it earlier. If you have worked your arse off though many economic termiols then you deserve to live on you mound of cash.

  • ALEX JOEY

    I just paíd $20.82 for an íPad 2.64GB and my boyfriend loves his Panasoníc Lumíx GF 1 Cámera that we got for $38.79 there arriving tomorrow by UP S.I will never pay such expensive retail príces in stores again. Especially when I also sold a 40 inch LCD T V to my boss for $657 which only cost me $62.81 to buy.
    Here is the website we use to get it all from, http://BídsFírst.Com

  • Daibidh

    Wasn’t Tim Cook already acting CEO?  Basically, this is just making it permanent, right?  Apple Inc. staying the course!  

  • qoqo

    I can’t think of a more epic tale in American business than that of Steve Jobs and Apple.  He’s redefined an entire industry for the better; all while architecting what is undoubtedly the most dramatic turnaround most of us will ever witness.  The stuff of legend.
    Mr. Jobs has certainly changed my life and, for that, my most humble appreciation and awe.

  • Justin Tran

    Simply put “He’s mine too!”

  • Justin Tran

    Me TOO!!!

  • Justin Tran

    Exactly my sentiment! “Just… Thank you Steve”
    Gosh! We most certainly wish you the very “BEST” and miss you “Terribly”

  • Justin Tran

    Ditto!!!

  • Justin Tran

    “But one last appearance would be amazing”… Why is it that we all think alike? is it that we love the man so much? I know I do miss him… and Yeah! one last appearance would be AMAZING!

  • Justin Tran

    Steve! We miss you… Please stay healthy for all of us! and we do CARE about you!

  • Ramón

    I say the following with humility: Steve Jobs opened the door to my discovering that I may just have an artistic eye. My ability to translate what my eye, then the camera lens captures, to a finished product, thanks to Apple computer is the life-long debt I will always owe to Steve Job’s vision; he made my ambition reality.
    Thanks, Steve.

  • DavidWMartin

    Ditto buddy. Ditto….

  • Miguel Botello

    Steve Jobs resigned. I’m truly saddened, but what else could can you ask from a man. This guy is the Michael Jordan of business/tech. He built a company, saw it get destroyed, came back 3 months before bankruptcy and built it back up, piece by piece until eventually became Apple the most valuable company in the planet. In my book he did his job. There will be no one else like him. No one will be able to replicate his success and vision. Long live Steve!

  • TechTeich

    Cry me a river. Apple is going down the tubes anyways. Don’t get me wrong, Steve Jobs did amazing things for the company, but I mean cmmon; Launchpad!?

  • prof_peabody

    Probably the last true Genius in the full sense of the word.  

  • prof_peabody

    Feel better now you’ve stolen a bit of the spotlight for yourself with your pet theory?  All the evidence is against you, but don’t let that stop you.  

  • Andrew Wong

    Steve will always be my hero, warts and all. I love you Steve, may you live long and prosper!

  • imajoebob

    Another baseless comment from the professor.  What a shock.

  • prof_peabody

    You said it was a “masquerade” and that he actually stepped down in January when there is bushels and bushels of evidence that he was actually working all that time.  You didn’t even bother to go check your facts.  I don’t provide links to the things I assert but they are all easily checkable.  

    I think I know who is the one making baseless assertions here.  

    And thanks for forcing me to “go negative” by posting your stupid negative comments to rile me up.  You may notice you are one of the few that went that way.

    Good night. 

  • Jay Floyd

    It would be wonderful to hear of a miraculous recovery for Jobs.  That said, I have fallen out of love with the company over the past couple of years.  Catering to the middle didn’t used to be their style. I wonder if this trend will only become more pronounced now?

  • hal9000mx

    Amen, brother. Amen.

  • Guest

    Steven Paul Jobs is the man who has made me feel that nothing’s impossible and one must always follow what he/she feels is right. 

    Love you Steve. You’ll always be my hero. 

  • DebinCO

    Thanks for everything, Steve. Namaste.

  • jamiegalbreath

    Steve the revolutionary http://vimeo.com/21425028

  • Simon Borgert

    I hope that Steve’s decision will assist in his health battles. A great loss – but I am sure his contributions will continue to promote innovation

  • dale2000

    Really???  You call Apple throwing in the towel and use an optional feature as your shining example??

  • Stephen Doherty

    They say an artist is only as good as the tools he has. Steve helped make some amazing tools. Get well soon Steve. See the world before you leave it.

  • lwdesign1

    I bought my first Mac in 1989 (an SE/30) and immediately started using it in my graphic design company. The Mac, iPod, iPhone, iPad and Steve Jobs have changed the course of human history. As many others have said, Steve has been a hero of mine for over 2 decades. His accomplishments are staggering. 

    I wish you all the best Steve. Tim Cook is a great replacement. As long as Apple remains true to your vision, continues to do the right thing for its customers, and continues on the path of astounding innovation, it will continue to delight millions more of us around the world. Thank goodness you and Steve Wozniak came along to start the computer revolution, and you and your amazing staff created an alternative to MS DOS and Windows. The world would be a much sadder and awful place without your creations.

  • bored

    “my hero”, “changed my life”? Are you guys serious? He did a great job and all, but I personally (a happy macbook pro, iphone 4 and ipod touch 2g owner) am not going to “cry a river” over some guy I never knew retiring. They make good products. They are not one man. I personally am happy your little apple god is more or less out of the loop. 
    I do wish him full recovery and a long life though…

  • Celtsune

    COM should do a comic.  I can see the future: On the day of Steve’s funeral Apple flips the switch and “xgrid” comes on line. That day iCloud becomes “Skynet” dadada da da….
    Just kidding. Sad to see him say iQuit though.  We will miss you Steve!
    Cj

  • ALEXMAX902101

    I just p a i d $21.87 for an i P a d 2-64GB and my boyfriend loves his Panasonîc Lumîx GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS.I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $657 which only cost me $62.81 to buy.
    Here is the website we use to get it all from, http://BídsFírst.Com

  • MarkCarruthers

    I wonder how much salary Tim Cook will want to do what Steve did for a dollar.

  • MoodyRiviera

    Love you Steve.

  • lhle76
  • TechTeich

    Its not the feature but the whole premise. you already have “Launchpad” if you put your applications folder in your dock and setting it to grid view. Launchpad does not improve productivity what so ever. It is merely a sign that Apple is one day going to merge more features of iOS and OS X together. I personally do not want an iOS device, that is why I’m using a mac, not an iPad! Power computing is dead.

  • Felfac

    get your insenseitive apple-hating ass out of here its so sad to seehim say iQuit

  • twitter-236428848

    I wish you health and happiness for ever. thanks for all that you did as a CEO.

  • bored

    i dont hate apple, i rather enjoy their products. i just think it’s strange that so many people hold steve jobs as their god. he retired. whooptedoo. it’s not like he died or anything.. enjoy the fact that a talented human being is still living, and (fingers crossed) enjoying a healthy rest of his life.

About the author

David W. MartinDavid W. Martin has more than 20 years of experience in the industry as a programmer, systems and business analyst, author, and consultant. David has written for CNET's iPhoneatlas.com, MacLife.com, CultofMac.com, BYTE.com and recently for aNewDoman.net. He comes to Cult of Mac's website with deep knowledge and passion for the all things Apple. Follow David on Twitter @david_w_martin or see what he's up to now at davidwmartin.com.

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