Apple's Steve Jobs Takes Leave of Absence

CEO Cites 'Health-Related Issues' as Reason; COO Cook Head Day-to-Day Operations

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NEW YORK (AdAge.com) -- Apple CEO Steve Jobs is taking a leave of absence from the company until June to cope with what he described as "health-related issues more complex than I originally thought."

Steve Jobs
Photo: Shaun Curry
Steve Jobs
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Mr. Jobs, who in 2004 was treated for cancer of the pancreas, has been looking gaunt in public, fueling speculation that his cancer had returned or that he is experiencing other complications resulting from treatment.

Apple's chief operating officer, Tim Cook, will manage the company's day-to-day operations during Mr. Jobs's absence. Cook ran Apple during Jobs' first treatment for cancer. Trading in Apple shares was halted on the Nasdaq today, pending the news.

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Steve Jobs' Memo to Staff

Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple's day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve

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