Steve Jobs steps down as Apple CEO (Barcelona) - Steve Jobs, co-founder and CEO of Apple, the world's largest company by stock market value, resigned yesterday after being on medical leave since January. In the letter announcing his leave he designated the chief operating officer Tim Cook as his successor and expressed his desire to remain Apple's chairman.

Jobs has already gone through pancreatic cancer and a liver transplant in 2009. Although the company's board has not given reasons for his resignation, the general conviction is that he is leaving because of continuing health problems.

After the statement was released Apple stock fell by 7%.

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