Steve Jobs Steps Down

By  |  Wednesday, August 24, 2011 at 4:09 pm

So it’s happened: Steve Jobs has resigned as CEO of Apple. He says he can “no longer meet my duties and expectations as Apple’s CEO,” but would like to remain as Apple’s chairman, and as a director and employee. And to nobody’s surprise, he advises that Apple execute its succession plan and name Tim Cook as the company’s new CEO.

Jobs doesn’t specify the reason for stepping down, but it’s clearly due to the health problems that led him to go on medical leave in January–his second such leave since 2009, but one which he took breaks from to preside over Apple’s iPad 2 event in March and its WWDC keynote in June.

Lots more thoughts to come.

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