Steve Jobs resigns, Tim Cook is new Apple CEO

Steve Jobs has stepped down as CEO of Apple. Tim Cook, previously Cupertino's Chief Operating Officer, is Apple's new CEO.

"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," Steve Jobs wrote in an open letter.

"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."

As COO, Cook was previously responsible for all of the company's worldwide sales and operations, including end -to-end management of Apple's supply chain, sales activities, and service and support in all markets and countries.

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