CUPERTINO (CBS/AP) â Apple Inc. says Steve Jobs resigning as CEO, effective immediately. The company said Wednesday that Jobs will be replaced by Tim Cook, who was the companyâs chief operating officer. Jobs notified the company in a resignation letter that read: August 24, 2011âTo 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 Appleâs 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 Appleâs 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. Jobs has suffered from a number of health problems in recent years. He went on indefinite medical leave in January, handing over day-to-day control to Cook. He remained involved in larger decisions at the company, and demonstrated the new iPad model at a news conference in March. http://sanfrancisco.cbslocal.com/2011/08/24/apple-ceo-steve-jobs-steps-down/?utm_source=home&utm_medium=dl&utm_campaign=apple-ceo-steve-jobs-steps-down I'm pretty sure Apple will do fine without Jobs.