Steve Jobs? stepping down as the CEO of Apple has caused a stir globally. An iconic figure, Job has been credited for pulling Apple Inc from the brink of bankruptcy when he returned to its helm in 1997, into one of the world?s largest companies delivering industry transforming products like iPod, iPad and the iPhone.
Known for his passion for minimalist design and marketing genius Jobs departure, according to analyst, may create a delicate period for Apple, as the company in the eyes of its investors and the public, is closely tied to the outgoing CEO.
His resignation however, is not a surprise entirely. The 56-year old, has been coping with serious health issues (including a rare pancreatic cancer) in recent years. In his letter to the company Jobs noted, ?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?.
Jobs has recommended that chief operating officer, Tim Cook take his place. ?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.?
In a follow-up statement, Apple has confirmed Cook?s appointment and has also confirmed Jobs position as the chairman of the Apple board.
Jobs co-founded Apple in 1976, but left the company following a board power struggle in 1984. He returned in 1997. After which, aided a struggling Apple Inc, to unveil a series of ground-breaking products, the iMac in 1999, followed by the iPod in 2001, the iPhone in 2007 and the iPad in 2010.
