CEO Jobs Takes Medical Leave From Apple17 Jan, 2011 By: Erik Gruenwedel
Apple Inc. CEO and co-founder Steve Jobs is reportedly taking a medical leave of absence, according to a letter sent to the tech giant’s employees.
The news comes the day before Cupertino, Calif.-based Apple Jan. 18 is slated to disclose first-quarter results.
Jobs had a liver transplant in 2009 and has fought pancreatic cancer for the past six years.
"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," Jobs said in the letter, reported by CNN.com.
COO Tim Cook will assume control of daily operations during Jobs’ absence, according to CNN.