Steve Jobs resigns as Apple CEO; Tim Cook takes helm

Jobs will continue on with the company as chairman of the board

Apple co-founder Steve Jobs has stepped down from his position as CEO of the company and Tim Cook, Apple's chief operating officer, has been named to take the helm, Apple announced Wednesday.

Jobs has wrestled with cancer in recent years and took an indefinite leave of absence starting in January, saying he wanted to focus on his health. In its statement, Apple did not say why Jobs was resigning as CEO or make any mention of his health. Jobs submitted his resignation Wednesday and "strongly recommend[ed]" that Cook be elected CEO, Apple said.

Jobs has been elected chairman of Apple's board, effective immediately, and Cook has been made a board member, the statement 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," Art Levinson, chairman of Genentech and an Apple board member, said in a statement.

He said that the board had full confidence in Cook, who has led the company during both of Jobs' leaves of absence. As Apple's chairman, Jobs will continue to serve Apple "with his unique insights, creativity and inspiration." Levinson said.

Jobs is "an icon and what he's done with Apple is something probably unprecedented in business," said IDC analyst Al Hilwa. "It will be a case study in business school books for decades."

This year's leave of absence was Jobs' second. In 2004 he underwent surgery to treat a rare form of pancreatic cancer and returned to work soon after. But in early 2009 Jobs took six months off to treat what he called a "hormone imbalance" that made him appear gaunt. During that leave he underwent a liver transplant.

Under his leadership, Apple developed the iPod, iPhone and iPad -- devices that have each defined their technology categories.

Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy's e-mail address is Nancy_Gohring@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesconsumer electronicssmartphoneshardware systemsdesktop pcstabletslaptopsMac desktopspersonnelApple

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Nancy Gohring

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?