Cancer survivor Jobs becomes chairman of technology company, nominating Tim Cook as his successor.

This article titled “Steve Jobs steps down as Apple CEO” was written by Charles Arthur, for on Wednesday 24th August 2011 23.43 UTC

Steve Jobs has resigned as chief executive of Apple, to be replaced by its chief operating officer, Tim Cook, in a surprise move that may signal that the 56-year-old co-founder of the company is losing his battle with cancer.

The announcement was made at about 4pm Pacific time in a statement from Apple following a letter from Jobs, who said: “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.”

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