By Marcus Leach

Steve Jobs, founder of Apple, has resigned from his position of chief executive of the firm, to be replaced by chief operating officer Tim Cook.

Having undergone a liver transplant due to pancreatic cancer, Mr Jobs felt he was no longer able to fulfil the full requirements of his position.

Mr Jobs will now take up the position of chairman at the technology giants, having written a short letter to announce his decision.

To 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 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.

Steve

Mr Jobs was widely regarded as the creative driving force behind Apple as they forged themselves as not only one of the world's leading technology companies, but one of the world's leading companies outright.

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