Steve Jobs Relinquishes CEO Role at Apple

Apple announced that Steve Jobs, 56, has resigned as CEO of the company. He will continue to serve the company in his new role as Chairman of the Board. Former Apple COO Tim Cook, 50, has assumed the role of CEO. Prior to joining Apple, Cook was the VP of Corporate Materials for Compaq. He came to Compaq from Intelligent Electronics, where he served as COO of the computer reseller division. Cook has also worked at IBM, most recently as the Director of North American Fulfillment.

Cisco Promotes Longtime Employee to Regional GM

Cisco Systems announced that Christian Martin has been appointed as the GM of Switzerland. Martin has been with Cisco since 1998 and has served the company in a variety of roles, including Manager of the Datacenter Virtualization team and Regional Sales Manager for the Enterprise Business in Switzerland. He replaces Eric Waltert, who is now the EMEA Leader of Collaboration for the Cisco Enterprise Business Group.