Steve Jobs Resigns as CEO of Apple

**Monseratto** · August 25th, 2011 08:00 AM

The Church of the Holy Fruit mourns...

Steve Jobs Resigns as CEO of Apple - Yahoo! Finance

Press Release Source: Apple On Wednesday August 24, 2011, 6:35 pm

CUPERTINO, 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’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.

NOTE TO EDITORS: For additional information visit Apple’s PR website (Apple - Press Info), or call Apple’s Media Helpline at (408) 974-2042.

© 2011 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

**flippy** · August 26th, 2011 04:50 PM

happy retirement steve

**Gerbo** · August 26th, 2011 09:25 PM

It's more of Job's failing health.

**roninblade** · August 27th, 2011 04:01 PM

Originally Posted by flippy

happy retirement steve

really? happy retirement? he's battling for his life. he has pancreatic cancer which is probably the reason why he resigned.

**cripple_rooster** · August 27th, 2011 05:20 PM

Originally Posted by roninblade

he's battling for his life. he has pancreatic cancer which is probably the reason why he resigned.

I saw a picture of him today, supposed to have been taken yesterday, and he's so thin that looks like a zombie. Not even when my lola had cancer she looked so bad...

**Monseratto** · August 27th, 2011 07:52 PM

What is life to have fame and fortune but no health?...kakaawa talaga...

Aug 26 (Reuters) - A photograph appearing to show an emaciated Steve Jobs surfaced on celebrity website TMZ, which said the picture was taken on Friday, two days after he resigned as Apple Inc's (AAPL.O) CEO.

The photograph on TMZ.com showed Jobs clad in a black knee-length gown, supported by an unidentified man beside a car in a sunny, unknown locale.

Photos of the Silicon Valley legend, who on Wednesday dropped a bombshell on Wall Street and Apple fans when he passed the CEO reins over to right-hand man Tim Cook, have surfaced on various tabloids this year.

The health of the pancreatic cancer survivor has been a constant source of speculation.

TMZ's photo, credited to Pacific Coast News, ignited a firestorm of indignation on Twitter.

"Leave Steve alone *TMZ. You guys are low as you can go. This is what's called 'journalism' these days. Seriously disgusted," brian-tong tweeted.

TMZ declined to comment. Celebrity photo website Pacific Coast News said it had snapped the photograph and then sold it exclusively to TMZ. Apple declined to comment. (Editing by Gary Hill) (la.newsroom*thomsonreuters.com; (+1 213 955 6750))

**tidus1203** · August 27th, 2011 09:03 PM

WOW! Ang laki ng tinanda nya, he must really be very sick!

Tama, money is worthless at this point. Its good to have both!

**Gerbo** · August 28th, 2011 04:46 PM

Originally Posted by tidus1203

WOW! Ang laki ng tinanda nya, he must really be very sick!

Tama, money is worthless at this point. Its good to have both!

Cancer in general can make you emaciated. But a malignancy in the hepatobiliary tree is on top of the list with a poor survival rate. He overcame it the first time, but it somehow recurs. The end is not far.

**frenchtower** · August 29th, 2011 04:18 AM

Steve Jobs is still alive with the help and support of Genentech Inc. Genentech is the leader in the oncology research bar none. Genentech's Chairman and CEO is Arthur Levinson. Mr. Levinson also sits as a board of Director or Apple Inc.