Steve Jobs Retires from Apple, Inc.

Steve jobs has  announced his retirement from Apple, Inc..  He will remain at the company as the Chairman of the board, however, Tim Cook will take over as the CEO.  Although the announcement timing may have come as a surprise to many folks, the  succession plan has been questioned for the past several years and thus really is not all that big of surprise.

Steve’s Resignation Letter:

CUPERTINO, Calif.—(BUSINESS WIRE)— 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.

Steve
Steve had mad it a point to say that when he could no longer perform his job, he would resign.  It appears that today was that day.  And while the stock will take a hit, the company has been really run by Tim Cook for the past seven months and probably longer.

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Bill Martens

A.P.P.L.E. Chairman of the Board and Club president -- Bill worked for the founder, Val J. Golding and A.P.P.L.E. from 1981 to 1982. In 1999, he began archiving the materials which were distributed and sold by A.P.P.L.E.. That project led to the group that remained of A.P.P.L.E. Bill was involved in the financial industry in Tokyo and has over 20 major office infrastructure projects to his name. In March 2001, he retired to write books and to spend more time pursuing personal interests. As the president of the users group, Bill is in charge of distribution of Call-A.P.P.L.E. magazine as well as the organization of this web site. Bill currently resides in Tokyo, Japan and Shelton, Wa splitting time between the places.