Steve Jobs Resigns as CEO of Apple

In some news sad news today. It is being announced that Apple CEO Steve Jobs will resign his duties as CEO. Some words from Steve to follow:

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

This will be the end of Steve's second run with Apple effectively ending an era in which Steve would return to Apple in 1996 allowing him to oversee the revolution of the desktop commuting division as well as changing the way millions listen to music with the highly popular iPod. Following that act with the iPhone and iPod Touch and walking away at the height of success with the wildly accepted iPad. It is well known that his health has been causing him problems these past two years after his initial battle and recovery from pancreatic cancer. Company COO Tim Cook will take over duties as CEO and Steve will continue on as Chairman of the Board.

More to come as it develops...