Steve Jobs resigns as Apple CEO

Apple chief operating officer Steve Jobs made the stunning revelation that he has resigned his position at the company.

According to a press release issued by Jobs, who is largely credited for the success of the iPod, iPhone and the Mac computer line, he is no longer able to meet his duties as Apple CEO and has resigned.  He is not completely leaving the company as he will serve as chairman of Apple’s board of directors.

Tom Cook has been named Jobs’ successor.  

Though no additional details were given regarding to cause for the sudden resignation, Jobs has battled various heath issues over the past few years. 

Here is the full press release from Apple:

August 24, 2011– 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.