Tim Cook with Steve Jobs
Two nights ago, the 14-year CEO run of Steve Jobs came to an end. Many speculated that it’s the end of an era and the end of the greatest legacy known to man! (OK, not that massive, but pretty close).
Jobs, rejoined Apple as CEO in 1997 and began the upward battle to bring Apple Computer Inc (It’s formal name at the time) in the 21st century. Under Steve Jobs the company saw a 180 degree turn in profits and then market shares as well as a 9000% increase in the stock price (APPL)
With his keen eye to minimalistic design and attention to detail, we’ve seen the iPod which single handedly brought Apple out from the shadows to the forefront, and then in 2007 the iPhone followed by the iPad in 2010. Three devices that were not only years ahead of the competition, but paved the way for similar technology creations.
I strongly believe that Steve Jobs resignation has been carefully planned and executed. Having struggled with pancreatic cancer, Jobs took his second medical leave of absence on January 14, this year and still made appearances at two keynote addresses this year. He’s truly a dedicated individual and it breaks my heart to see him step down, but he’s doing it with Apple’s best interests in mind.
I also believe that Tim Cook, his successor, was being trained the past few years and behind-the-scenes has been the guy in charge. It was about timing the announcement to allow him to formally assume the role of CEO and continue the legacy.
Thirdly, I’ll assume that while Steve Jobs will stay on the board, he won’t have an active role in decisions moving forward and as much as it pains me to say it, his health may get the better of him. I strongly hope that’s I’m wrong and he has many years of life left!
I bid farewell to the man that made Apple what it is today, and without his intelligence and dedication, even this blog wouldn’t exist, because no one would care.
Below is the exact letter sent to Apple’s Board of Directors and the Apple Community from Steve Jobs.
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.