Steve Jobs Taking Medical Leave of Absence From Apple

Illustration for article titled Steve Jobs Taking Medical Leave of Absence From Apple

A memo from Steve Jobs was sent to all Apple employees today, stating that Jobs will take a medical leave of absence so that the CEO can "focus on [his] health." Full details below.

Team,

At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple's day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.

Steve

As when Jobs took six months off in 2009, he'll continue to be CEO and to have a hand in strategic decisions for the company. And, as before, Tim Cook will oversee Apple's day to day operations. There's no indication of how long Jobs will be away from the helm this time.

It's unclear whether this leave of absence is related to his 2009 liver transplant or his earlier battles with pancreatic cancer. Presumably more details will come to light when Apple holds its quarterly earnings call tomorrow. Whatever the case, we certainly wish him a speedy and complete recovery. [Businesswire]

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DISCUSSION

thepriceofeggsinmalta
ThePriceofEggsinMalta

I cant help but wonder if this has been in the works for a while... Apple's earnings are already monumental, with the VeriPhone right around the corner and the iPad 2 waiting in the wings. Now is probably the best time for him to take a break to minimize the effect on the stock price. I'm sure their stock will take a hit regardless, but if he had to take time off, now's a pretty good time.

Either way, best wishes to Mr. Jobs. No matter what kind of gadget you use or what brand you prefer, he's had a huge hand in pushing the market for consumer tech forward. Hope to see him on stage to unveil the iPad 2 in a few months.