Thursday, August 25, 2011

Breaking | Steve Jobs Resigns as Apple CEO

by Kevin Krause on August 24th, 2011 at 6:50 pm

In news breaking just minutes ago, Apple has announced that Steve Jobs, one of Android’s main detractors, has resigned from his position as CEO of the company. Tim Cook, Apple’s Chief Operating Officer, has been named the Cuprtino-based tech giant’s new CEO. Jobs will remain part of the company, assuming the role of Chairman of the Board. In a statement released by Apple’s Board, Art Levinson said:

"Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company. 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. 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 will no doubt still play a large role in Apple’s operations, with the move being similar to one recently undertaken at Google that saw Eric Schmidt’s duties shifted from CEO to Executive Chairman. Jobs’ history of illness likely was a large factor in the restructuring of Apple’s higher brass. His new position will likely come with a reduced workload.

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