Steve Jobs resigned as Apple CEO 5 years ago tomorrow

082316blog steve jobs tim cook

Tim Cook, left, and Steve Jobs, July 16, 2010.

Credit: REUTERS/Kimberly White

Apple’s post-Steve Jobs leadership era began officially on Aug. 24, 2011 – five years ago tomorrow -- with the announcement of his resignation and the appointment of Tim Cook as new CEO.

The news of his resignation, while not unexpected, was momentous.

Jobs made the announcement in a letter addressed to “the Apple Board of Directors and the Apple Community” and posted to the company’s website:

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

Long in declining health, Jobs had undergone surgery for pancreatic cancer seven years earlier and had a liver transplant in 2009.

He died on Oct. 5, 2011, 43 days after stepping down as CEO.

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