Steve Jobs has stepped down as CEO of Apple, Inc. the company he co-founded 35 years ago with childhood friend Steve Wozniak. Jobs, 56, survived a bout with pancreatic cancer in 2004, but has been on medical leave from the company since January 17 of this year. Apple's chief operating officer, Tim Cook, will has been chosen to replace Jobs as CEO. Details are still scarce, but you can read a letter Steve wrote to the Apple community below.

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

[via Reuters, Tech Crunch]