According to release issued by Apple today, CEO Steve Jobs has just announced that he is taking a medical leave of absence, here's Steve's email memo which sent to Apple employees today.
Team,We will update you once more information comes-in, stay tuned.
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.