Steve Jobs: ‘I Hereby Resign as CEO of Apple’

News broke tonight that Steve Jobs has submitted his resignation as CEO of Apple, one of the biggest companies in the world.

App Advice has his resignation letter: “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.”

Jobs (pictured, via) will be replaced by Tim Cook. Below, we’ve used Storify to collect Twitter commentary, links and a video of Jobs’ first triumph as a designer.

The Apple release has more about Cook’s role in the company: “As COO, Cook was previously responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries. He also headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.”