Apple CEO Steve Jobs announced via company email today that he will be taking another medical leave of absence but will remain on board as the company’s CEO. The following email was sent to all Apple employees today.
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.
The timing of the announcement seems to have been planned to coincide with Martin Luther King Junior Day, a day when the stock markets are closed. Though Apple shares will inevitably take a tumble tomorrow in the wake of this news, Apple is also gearing up to release their Q1 2011 financial results tomorrow with word being that Apple will announce yet another blockbuster quarter.