Jobs steps down as Apple CEO

CUPERTINO, CA: In a letter addressed to Apple's board of directors and the Apple community, Steve Jobs announced he is resigning from his role as CEO of Apple.

CUPERTINO, CA: In a letter addressed to Apple's board of directors and the Apple community, Steve Jobs announced he is resigning from his role as CEO of Apple. He will be replaced by Tim Cook, who joined Apple in 1998 and most recently served as COO.

"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," Jobs said in the letter. "Unfortunately, that day has come."

In addition to recommending Cook as his successor, Jobs added that he would like to serve as chairman of the board, director and Apple employee, should the board see fit. It was later reported that Jobs was elected as chairman of the board.

Jobs has battled cancer for a number of years and has been on medical leave since January of this year. Cook filled in for Jobs during his most recent leave, as well as on other occasions in the past.

Jobs was named number one on PRWeek's Power List in 2010, in conjunction with head of communications Katie Cotton. He is widely regarded as the face and voice of Apple and the person who drives its brand image and overall communication.

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