By now most of you likely know that Steve Jobs has resigned as CEO of Apple. He’s not leaving completely. He still plans to stay on as Chairman of the Board. But he will no longer be the man at center stage in the second largest company in the world, in terms of market value, and certainly one of the most innovative.
There’s a bunch of reporting around about whether or not the resignation is for health reasons—presumably something to do with his battle with pancreatic cancer—however, his letter to the board, released Wednesday (see below), leaves little doubt that health, or more properly, illness, is at the heart of his announcement.
For all his control freaky faults, I would personally prefer that Steve Jobs be immortal. But that isn’t in the cards for any of us.
Thus, like many, I am deeply saddened by this turn of events.
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.
TechCrunch continues to have the most timely updates, by the way. For instance, Tim Cook has indeed been named CEO—and, it is official, Jobs will stay on as Board Chair.