Steve Jobs resigns as Apple CEO, passes the torch to Tim Cook

Apple Logo The news that Steve Jobs resigns as Apple CEO has been hitting headlines just as all the anticipation about the iPhone 5 and iOS 5 gets fired up. At any rate, the ailing visionary of more than a handful of tech enthusiasts’ affections will be passing the title to Tim Cook, going by the official announcement.

Previously serving as Chief Operating Officer, Cook will now fill the shoes of Apple CEO as Jobs steps down to become the elected Chairman of the Board. The former COO has a track record that spans 13 years of service to the Cupertino company.

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” was what Art Levinson, Chairman of Genentech, had to say on behalf of Apple’s Board.

“Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration,” added Levinson.

Cook formerly handled the reins for the company’s global sales and operations covering end-to-end management of the supply chain, sales activities and service and support in various markets and countries. He even headed the Macintosh division and had a hand in the continued development of strategic reseller and supplier relationships.

Meanwhile, the matter of Steve Jobs resigning as Apple CEO has been hanging in air ever since word about his suffering health got around. So many may be surprised that it came before the iPhone 5 or iOS 5 launch, instead of whether it could happen at all.