Steve Jobs (Apple's CEO) has resigned. He said in a letter:
[Quote=Steve Jobs]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.[/quote]
According to Apple, Tim Cook will take Jobs' Place as CEO and Jobs will be Chairman of the Board, as per his request.