Steve Jobs Resigns as CEO of Apple

We're hearing reports that Steve Jobs is stepping down as CEO of Apple. Jobs, who has struggled with health problems for some time, sent the following letter to the Apple Board of Directors:

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

And according to Reuters, Apple has indeed named Tim Cook as the company's new CEO and Jobs as the chairman.

Jobs, who survived pancreatic cancer, has been on medical leave for most of this year.

[rgray@villagevoice.com] [@_rosiegray]

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