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It's the end of an era: Apple's longtime CEO and co-founder - Steve Jobs - announced today that he has resigned from the company, effective immediately. Although he will stay on as chairman, the man who brought us the iPod is officially stepping down.
The 55-year-old has been plagued by health concerns for the past several years. Jobs is a survivor of pancreatic cancer and received a liver transplant in April 2009. He has been on medical leave since January 17th of this year.
So who will take his place? Tim Cook, the company's chief operating officer, has been elected CEO.
Here is Jobs' letter to Apple's Board of Directors -
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.