Posted by admin on August 24, 2011 under MAC, News | Comments are off for this article

co-founder Steve Jobs has been medical leave for an undisclosed condition since January 17. While he is a pancreatic cancer survivor, this has not been disclosed as his medical condition for stepping down as CEO of Apple .

Apple has stated that Steve Jobs has been elected chairman, while Tim Cook has been elected CEO.

Steve Jobs wrote the following letter to the board of directors

CUPERTINO, Calif.–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.

Credit to Mashable .