Steve Jobs Resigns as CEO of Apple Wednesday, August 24, 2011

Apple today announced that founder and long-time CEO Steve Jobs is resigning from his post at the helm of the company and will be replaced by Chief Operating Officer Tim Cook. Steve Jobs will serve as Chairman of the Board, and Tim Cook has been added to the board. The change is effective immediately. In a prepared statement, Art Levinson, a member of Apple’s board, said, “Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company. 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.

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Steve Jobs Resigns as CEO of Apple

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