Apple Inc Chief Executive Steve Jobs has an excellent prognosis following a liver transplant, the Memphis, Tennessee, hospital that performed the surgery said on Tuesday.

Jobs, 54, received the transplant because he was the sickest patient on the waiting list at the time a donor organ became available, the Methodist University Hospital Transplant Institute said in a statement on its website. Mr. Jobs is now recovering well and has an excellent prognosis.

Jobs, who has been on medical leave since January, was at the company's California headquarters on Monday, underscoring speculation the pancreatic cancer survivor may have returned to work.

(Reporting by Patrick Rucker; Editing by Peter Cooney)