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The Indiana Daily Student

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Steve Jobs resigns as Apple CEO

Steve Jobs has resigned as CEO at Apple, the company he co-founded at age 21 and turned into an international business icon, known for its tremendous profits and elegantly designed devices like the iPhone, iPad and Mac computers.

The Cupertino, Calif., company announced Wednesday that veteran executive Tim Cook has been named as Jobs’ replacement.

In a letter released Wednesday afternoon, Jobs said the time to leave had arrived.

“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,” Jobs wrote, in a letter addressed “to the Apple Board of Directors and the Apple Community.”

The letter was signed, simply, “Steve.”

Cook, who had been acting in Jobs’ place while Jobs was on medical leave, had previously served as chief operating officer, responsible for the company’s worldwide sales, supply chain and other operations. He also headed Apple’s Macintosh division.

The 50-year-old Cook previously stepped in for Jobs in 2004 and 2009.
Apple offered no further detail on why Jobs was stepping down. The 56-year-old Jobs has been on his third medical leave after previously being treated for pancreatic cancer and a liver transplant.

— MCT Campus

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