Steve Jobs who carried one of the world's most renowned companies, Apple Inc. from bankruptcy to one of most valued company on Wednesday announced to step down as the Chief Executive Officer (CEO) due to bad health condition, media reports say.
The board of Directors of Apple Inc. Wednesday night announced that Steve Jobs who served with the company for 30 years has today night handover his resignation letter to the board of directors.
However, he will continue to serve the company as a Chairman of the Board and as an employee. His service was extremely valuable for the company and his contribution would help the company to beat several feat, Board of Directors informed media.
Steve's resignation has shown its impact on the company's performance in the US Stock market, as Apple's stock fell sharply to 7% in a day.
But, the company has elected Tim Cook, as a new CEO of Company, who was serving here as a Chief Operating Officer (COO) since last 12 years. He was strongly recommended by Steve Jobs, and Board has elected Tim with immediate effect.
As the news regarding new CEO came in the market, Apple's stock showed some recovery.
According to market experts, Tim Cook is quite competent and worthy person for this job and he can carry the company to the new height.
|
|
Comments:
