Steve Jobs Resigns: Apple CEO Stepping Down

As Reuters reports and Apple has confirmed, Apple CEO Steve Jobs is stepping down from his leadership position. Apple's Board of Directors has named Tim Cook the company's new CEO. Jobs has been elected Chairman of the Board. "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," Jobs wrote in his resignation letter.

Below is Apple's official press release on the announcement (via Business Wire):
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. ...

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