Steve Jobs retires as CEO of Apple

Steve Jobs retires as CEO of Apple

On 25th August 2011 Steve Jobs, co-founder of Apple, resigned as chief executive, saying he can no longer handle the job, but will continue to play a leadership role. He was 55 years old.

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He founded the company 35 years before in his garage. He had been on medical leave from the company since January with an unspecified condition. In a letter to the Apple board, Jobs said: 'I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's chief executive, I would be the first to let you know.

'Unfortunately, that day has come. I hereby resign as chief executive 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.'

Jobs, who underwent a liver transplant in 2009 following a battle with pancreatic cancer in 2004, was the mastermind behind the iMac, iPod, iPhone and iPad, turning Apple into one of the most powerful companies in the world. 

Many claim it was Steve's attention to detail that set Apple apart from its fierce competitors and feared the company may struggle to come-up with market changing ideas without its charismatic leader.

In early August 2011, Apple became the most valuable company in America although stock value quickly fell by 5.4% after Steve's announcement. 

Tim Cook, Apple's chief operating officer, took over from Jobs as CEO of Apple. 
 


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Historical Timeline for

Date Event
24-02-1955 Apple Co-Founder Steve Jobs is Born
1974 Steve Jobs gains employment at Atari
1974 Steve Jobs and Steve Wozniak go into business
April 1976 Apple 1 Released
01-04-1976 Steve Wozniak, Steve Jobs and Ronald Wayne Found Apple Computer Inc.
12-12-1980 Apple Computer’s Initial Share Offering
April 1983 Steve Jobs hires Pepsi's John Sculley as President of Apple
24-09-1985 Steve Jobs founds NeXT Computers Inc.
1988 The NeXT (68030 CPU) computer is introduced after two years of research
17-10-2001 Apple Launches a New Music Device - The iPod
25-08-2011 Steve Jobs retires as CEO of Apple
05-10-2011 Steve Jobs, co-founder of Apple, dies age 56

 

 

 

 

Steve Jobs retires as CEO of Apple

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