Apple Names Tim Cook CEO, Steve Jobs as Chairman

| News

As we reported earlier on Wednesday, Steve Jobs has resigned as CEO of Apple, an announcement made official by Apple Inc. minutes later. The company also said that it had named Tim Cook as the new CEO for the company, and that Steve Jobs would continue to serve as Chairman of the company. Tim Cook has also joined the board.

Apple CEO Tim Cook

Apple CEO Tim Cook

While we normally don’t post press releases verbatim, we understand that many people will want to read this particular announcement in full. Accordingly:

Steve Jobs’s letter:

Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. “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,” added Levinson. “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 submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

More details to follow.

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Comments

BurmaYank

Steve Jobs made Apple, and we saw him make Apple make nearly perfect, magical world-transforming things (like Gutenberg & Henry Ford’s assemby-line did before him).

Now without Steve Jobs, we shall see how well Steve Jobs made Apple.

mhikl

Now without Steve Jobs, we shall see how well Steve Jobs made Apple.

Bravo, BurmaYank!

I believe I said much the same in the first article on his resignation but not with such grace and acuity.

SirDennis

Thanks Steve. It’s been a great ride from the beginning. You’ll be missed as CEO but your vision and inspiration will live on. Remaining as Chairman of the Board will offer you a (somewhat) calmer place with less day-to-day responsibilities. Relax a bit. We all would like to have you around for a long time.

Jamey

I wonder what a new CEO will bring? Licensing? That Apple PDA we’ve been waiting for? A successor to the $10,000 IIfx?

Bryan Chaffin

I wonder what a new CEO will bring? Licensing? That Apple PDA we?ve been waiting for? A successor to the $10,000 IIfx?

Oops, wrong decade! :D

Very funny, Jamey. smile

geoduck
Lee Dronick

Who knows where Apple may go with this new helmsman. I suspect that way points are plotted well ahead, but time will tell and then the destination will be known. I am sure the track will be monitored closely by the all and sundry.

We live in interesting times and in that I include the world outside of Apple

Gotta go to bed soon, 4:00 AM comes early in this time zone.

John Dingler, artist

Hi Geoduck,
He looks to me like a manager with a shirt.

John Dingler, artist

By the way, Tim Cook is responsible for outsourcing the majority of Apple’s jobs in the US to Communist China. *S*

If you hate outsourcing; if you think that it’s unpatriotic; if you think that it takes jobs away from otherwise hard-working Americans who are looking for work and now stand in ever longer unemployment lines; and if you hate NAFTA and Globalization like I do, you should hate Tim Cook’s outsourcing initiative for having contributed to pain and suffering in the US even though he moderated the pain with excellent products. We can now stand in unemployment lines listening to Lady Gaga and Al Jazeera. He giveth. He taketh away.

Bosco (Brad Hutchings)

Look at this picture of the 9 white guys comprising Apple’s executive team. There is only one guy there who looks like he has the stones to lead, and it’s not Cookie.

paikinho

It was a good time to leave. Lots of new products finishing the development cycle.
News of all the whizbang products will cause everyone to forget that there was a change.

In the end the company will continue its rise or possibly stagnate and only time will tell.

Metalizer

PowerBook G5 at last wink, but seriously ? some more choice of matte screens across the entire range of Macs!

paikinho

I second the matte screen, principally the ACD or The new Thunderbolt display. It would be nicer for my photo work to not have glare.

Ross Edwards

Look at this picture of the 9 white guys comprising Apple?s executive team. There is only one guy there who looks like he has the stones to lead, and it?s not Cookie.

Physical appearance, of course, being the primary indicator of a person’s knowledge, expertise, and personality.

John Dingler, artist

Hi Bosco,
Hmmm, no one wears a black turtleneck shirt so no one is prepared to lead and, for all we know, they all are wearing wingtips.

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