Apple CEO Steve Jobs takes medical leave of absence; will continue as CEO

Apple CEO Steve Jobs, 55, 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

Source: Apple Inc.

The timing of the announcement seems designed to allow the markets time to absorb the news as major markets such as NASDAQ are closed today due to the Martin Luther King, Jr. Day.

Apple will announce fiscal year 2011 first quarter (Q111) financial results after market close on Tuesday, January 18, 2011. As usual, MacDailyNews will cover Apple’s conference call with analysts live, beginning at 2pm PST/5pm EST.

MacDailyNews Take: Get well, Steve!

139 Comments

  1. Oh no, this is not good news to hear. I have suspected though that he has not been well for some time now and his coloring and extreme thinness are of of great concern. The survival rate for his type of cancer is five years perhaps a little longer if you”re lucky and even with a liver transplant odds do not guarantee anything. Keeping you and your family in our prayers Mr. Jobs.

  2. Absolutely right. I bet Apple drops substantially over the next 2 or 3 weeks, prior to any new announcements… New products and solid launches will show Jobs is important, but Apple can survive sans Steve.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.