Steve Jobs, who took an extended leave of absence from the company he helped found in the wake of treatment for pancreatic cancer, has resigned as CEO of Apple:
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.
Cook, Apple's COO, was written up by Gawker in January:
If the CEO doesn't return from his third, indefinite medical leave, COO Tim Cook will succeed him, marking a new era not only for Apple but for gay progress.
Cook, who is running Apple in Jobs' absence, has been as reticent to acknowledge his sexual orientation as he has his prowess in overseeing the company supply chain. But as Jobs fades back, and as his absences grow more prolonged and uncertain, Cook will become, by necessity, a public figure.
According to Business Wire, Apple has named Cook the new CEO.