Apple has reported record profits last quarter but questions looming around Steve Jobs’ health had left many wondering whether he would retire this year. Reports have now come in confirming his retirement. In the past Steve has been credited with saying that he would be the first to admit when he was no longer fit to oversee operations at Apple. Even with the looming suspiscion of his retirement many are surprised at the sudden announcement today.
This evening on the CBS Evening News, Scott Pelley reported:
One of the founders of Apple, Steve Jobs, suddenly resigned tonight as CEO. In a letter Jobs writes “I have always said that if there ever came a day when I could no longer meet my duties and expectations I would be the first to let you know. Unfortunately that day has come.”
Jobs who is 55 has been on medical leave for most of this year. He is a survivor of pancreatic cancer there are no other details at this moment.
Read Jobs’s resignation letter below:
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.