Steve Jobs Resigns As Chief Executive Of Apple

The 56-year-old co-founder of Apple, which recently became the world's most valuable company, has announced that he is to step down from his position as chief executive. Mr Jobs co-founded Apple in 1976 with Steve Wozniak and the company has gone on to revolutionise the computing, telecoms and music industries. It is thought that deteriorating health is behind his decision to resign, having previously battled pancreatic cancer, although it is expected that Jobs will become chairman of the board. He has nominated current chief operating officer, Tim Cook, as his successor. In a statement Mr Jobs said: "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."

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