An Apple (AAPL) without Steve Jobs at the head? That is what has just happened – Jobs resigned as CEO of the company he loved more than any other. Apple CEO and co-founder Steve Jobs resigned as chief executive officer from Apple. His place at the top of the company will be taken by Tim Cook, previously Apple’s chief operating officer.

One of the most legendary businessmen in American history, it’s impossible to completely discount the nagging feeling that Jobs simply can’t be replaced.

Letter from Steve Jobs

To the Apple Board of Directors and the Apple Community:

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.

Steve

Source: Apple