Steve Jobs, the ailing tech visionary who founded Apple Inc., said he was unable to continue as chief executive officer (CEO) of the technology giant and handed the reins to chief operating officer Tim Cook.
Apple said Jobs submitted his resignation to the board of directors on Wednesday and “strongly recommended” that the board name Cook as his successor. Jobs, 56, has been elected chairman of the board and Cook will join the board, effective immediately, the company said.
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—The Wall Street Journal
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