Apple co-founder Steve Jobs has resigned from his position as the company’s  Chief Operating Officer. The position will be filled by Apple’s former Chief Operating officer Tim Cook. Jobs will stay on as the company’s Chairman of the Board.

The announcement was made via a press release issued by Apple earlier today. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team,” the press release said. “In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”

Though the announcement is surprising, Jobs has been hindered by a number of health problems in recent years that have forced him to take frequent leaves of absences from his position. These health problems date back to August of 2004, when Jobs had surgery to treat a rare form of pancreatic cancer. Jobs announced in January of 2009 that he was suffering from a hormonal imbalance and in April of that same year Jobs underwent liver surgery.

Jobs reportedly announced his decision via a private letter to Apple’s employees. In the letter, Jobs ensured his faith in Cook and said that he believes that  “Apple’s brightest and most innovative days are ahead of it.”

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Joe Sinicki is Blast's Executive Editor. He has an unhealthy obsession with Back to the Future and wears cheese on his head. Follow him on Twitter @BrewCityJoe

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