Venezuelan President Hugo Chavez has said he will step down when his current term expires in 2013, following the defeat of his reform proposals.
http://news.bbc.co.uk/2/hi/americas/7131993.stm
Bonus : King Juan Carlos of Spain tells Hugo Chavez to "shut up" during the 17th Ibero-American summit held at Santiago de Chile and in the presence of leaders from Latin America, Spain and Portugal.
http://www.youtube.com/watch?v=gB_fvVLdmRI