Steve Job's Resignation Letter - Tim Cooks to be in Job's shoes

American business magnate, inventor and co-founder of Apple resigned today amidst many speculations of health issues. Although the Board of Directors and Company Press Info does not explicitly state that Jobs has resigned on health issues, but commentators see it as a move taken because of Job's because of cancerous tumor in his pancreas.

In April 2009, Jobs underwent a liver transplant at Methodist University Hospital Transplant Institute in Memphis, Tennessee. Jobs' prognosis was "excellent." On January 17, 2011, one and a half years after Jobs returned from his liver transplant, Apple announced that he had been granted a medical leave of absence. Jobs announced his leave in a letter to employees, stating his decision was made "so he could focus on his health."

While on leave, Tim Cooks had handled all the functions that job used to carry out.  Earlier to being appointed as CEO, Tim Cook used to be COO and used to handle end to end delivery and supply chain management of Apple all over the world.

In Job's resignation letter, he explicitly stresses that Tim Cook should be the one to follow him and handle all the operations of Apple as CEO. Jobs would now be seen in a new role as a member of Chairman of Board of Directors and lead the company to new heights with his visionary thoughts and enterprising skills along with the passion to invent. Jobs sees brighter days for Apple ahead.

The following is the copy of Job's resignation letter submitted to Board of Directors.

"To the Apple Board of Directors and the Apple Community:

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."

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