Steve Jobs, mastermind behind Apple, has resigned as CEO of the company effective immediately.
Tim Cook, formerly Apple, Inc’s chief operating officer, has been named the new CEO, Apple’s board of directors announced on Wednesday. Jobs has been appointed chairman of the board.
“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,” Jobs wrote in a letter to Apple’s board on Thursday. “Unfortunately, that day has come.”
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