Steve Jobs Resigns as CEO of Apple, Becomes Chairman of the Board

Steve Jobs, the driving force behind Apple’s second Renaissance, has resigned as Chief Executive Officer of Apple. In his stead, Chief Operating Officer Tim Cook will be promoted to CEO. Steve’s not done with Apple, though. He’s still the Chairman of the Board of Directors for the company.

Don’t fret though, Apple fans: Jobs left the company in good hands. Cook has 13 years of experience with Apple and he practically ran the business end of the company, from supply-chain to sales to customer service. He also headed up the Mac division for a time.

Shareholders weren’t so sure about the appointment, though. Apple’s stock dropped by 24 points less than 15 minutes after the announcement was made.

It’s been rumored that Jobs tended his resignation due to his extended medical leave; he’s been out of action since January.

Source: VentureBeat

Share this article:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on tumblr
Tumblr
Share on email
Email
Share on whatsapp
WhatsApp

Recent Posts

Gaming News

Infinite Album Adds Customization to Your Background Music

As more and more people get into streaming, problems with finding the right music for every mood grows. Add on top of that, finding decent music that can be streamed …

Gaming News

A Different Take on Tower Defense – Hostile Mars | PAX East 2022

While browsing the PAX East show floor, Hostile Mars caught our eye right away. At first glance, it reminded us of No Man Sky but with a lot more combat. …

AmazeVR Gaming News

AmazeVR and Meg Thee Stallion Enter The Hottieverse | SXSW

VR is finally getting to the point where it makes sense for more users to have it in their homes. There are a ton of uses for the various headsets …

hro.gg Gaming News

Hro X DC Create Hybrid NFTs | SXSW

During SXSW 2022 Warner Media had a few activations spread around the city. You could just hang out at some, create unique wearables at others and experience the world of …

Halo SXSW Panel Gaming News

Paramount Plus’ Halo Series Takes Viewers on a Wild Ride | SXSW

One of the screenings that were on the top of our list for SXSW 2022 was the screening of the first episode of the Paramount Halo Series. I will hold …

DMZ Poster SXSW

DMZ Premieres at SXSW

DMZ is the latest comic book adaptation to hit HBO Max. If you are not familiar with the series, it is based on a comic book written by Brian Wood. …