Steve Jobs steps down as CEO of Apple

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It’s an end of an era. Steve Jobs has officially resigns as the CEO of Apple, and has handed the reigns of the company over to Tim Cook. Jobs went on indefinite medical leave back in January, so it’s not far fetched to say that the iconic CEO is stepping down because of health related reasons. In a letter that Jobs sent to the Apple board of directors, he states that “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.”

“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.”

Will Apple retain the same drive and vision now that Steve’s out of the picture?

Source: Apple