Apple announced on Monday that company CEO Steve Jobs is taking a medical leave of absence to focus on his health. He plans, however, to continue participating in major decisions for the company during his leave.
Just as he did during Mr. Jobs’s last medical leave, COO Tim Cook will take over day-to-day operations.
Steve Jobs speaking at an Apple media event
In a letter to employees, Mr. Jobs said:
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.
Mr. Jobs was treated for pancreatic cancer and ultimately received a liver transplant during his last leave of absence. Neither Apple or Mr. Jobs has commented his current state of health.