Steve Jobs Retires as Apple CEO
The creator and driving force behind Apple, Steve Jobs, has retired from his position as CEO by sending a letter to the board. The innovative founder of Apple has been unwell since 2004 when he underwent a liver transplant following pancreatic cancer. The reason for resigning is still unknown.
The current Chief Operating Officer (COO) Tim Cook has been suggested by Jobs for the CEO role. Apple’s share price dropped 5% on the announcement.
Mr Jobs has asked to remain within the Board as Chairman and provide what service he can as an Apple employee. The 56 year old’s resignation stated “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 all the many years of being able to work alongside you.”
The company was created in 1976 along with Steve Wozniak and Ronald Wayne but hit troubled times in the 1990’s when Steve Jobs protected the company during a period of near Bankruptcy.
Apple is known for creating innovative products such as the IPhone, IPod & the IPad, among others.
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