In a letter the the company’s board of directors and the “Apple Community,” Steve Jobs resigned as CEO of Apple, the company he co-founded with Steve Wozniak in 1976:
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.
Following his recommendation, the company announced that Tim Cook had been named CEO and would have a seat on the board and that Jobs had been named chairman.
To quote from my own post on Twitter et al: “Thanks for everything, Steve — you really did change the world. Here’s wishing you a long tenure as Chairman of the Board.”