Apple co-founder and Uber Mac Genius Steve Jobs resigned as Chief Executive Officer of Apple, the Board of Directors announced Wednesday, Aug 24. Jobs, who has been on a leave of absence to treat pancreatic cancer, has been elected Chairman of the Board and is expected to continue to have a say in the direction of the company.
Effective immediately, Chief Operating Officer Tim Cook is taking over as the new CEO and will also join the Board. Cook was Job's pick as a successor.
The Advocate reports that Cook is gay:
As Cook's profile rose in the tech world as a possible replacement, Valleywag reported based on anonymous sources that Cook is gay and that his ascension would make him "by far, the most powerful openly gay executive in tech."
Only helping to solidify that perception, Out magazine named Cook as number 1 in its "Power 50" in May.
"While it is Jobs's prescience that has kept the Cupertino, Calif., company at the cutting edge of technology, it's Cook who made sure Apple could deliver as demand rocketed," Out wrote. "Leader-in-waiting? Most definitely."