Steve Jobs Steps Down as CEO of Apple

Steve Jobs has announced that he is stepping down as CEO of Apple with the following information:

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.

Instead of being CEO he has requested that he serve as Chairman of the Board, director and an Apple employee. The full text of the resignation as CEO can be found below or on the Apple site.

Gizmodo has a few thoughts on why Steve chose this time. Gaj-It has a list of 10 things about Steve Jobs.

August 24, 2011

Letter from Steve Jobs
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.

Steve