Steve Jobs, who has been on medical leave for an undisclosed condition since January 17, today resigned from his position as Apple’s Chief Executive. According to MSNBC he stated that he could “no longer meet my duties and expectations.” Interim CEO Tim Cook will take over, while Jobs will stay on as chairman of the board.

In his letter to the company he said, “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.”