David Trimble did "not wish to continue as leader"

Nobel peace prize laureate &to=http:// english.pravda.ru/printed.html?news_id=14820 ' target=_blank>David Trimble said he would step down as Ulster Unionist Party leader after losing his seat in the &to=http:// english.pravda.ru/fun/2001/12/10/23260.html ' target=_blank>British Parliament.

Trimble, 60, told senior party colleagues on Saturday he did "not wish to continue as leader," according to a statement issued by the UUP in Belfast.

It was not clear when his resignation would take effect or when a successor would be chosen. Trimble is expected to hold a press conference Monday.

Trimble, a key Protestant political backer of the province's halting peace process, lost his Upper Bann seat in the Westminster Parliament in Thursday's election, reports CBC News.