There were plenty of rumors spreading after Steve’s medical leave that he is going to retire from his career fro Apple. And here is the shocking news! There is no more rumors on this regard and there is no more Steve in Apple as the CEO.
Here is Steve’s letter to the Apple’s board of directors,
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.
Tim Cook will replace him as the new CEO of Apple however Steve will continue his part in Apple as the Chairman of the Board.