Steve Jobs Takes Medical Leave of Absence

Steve Jobs, Apple CEO, stated that the board of directors granted him a medical leave of absence earlier this week.  He will continue as CEO and will be involved in major strategic initiatives; however Tim Cook, Apple COO, will take over daily operations.

Read more from his note below.  (via Businesswire)

Apple CEO Steve Jobs today sent the following email to all Apple employees:

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

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