Apple CEO Steve Jobs Takes Another Leave Of Absence For Health Issues, Turns Over Day-To-Day Operations
Wow folks, I don’t think anyone saw this coming. In an email to Apple employees Steve Jobs has confirmed that he has requested a leave of absence for medical reason and that request has been granted by Apple’s board of directors. Jobs will continue on as CEO and be involved in major strategic decisions for the company.
With that said he will turn over day to day operations of one of the world’s most popular tech companies to Tim Cook. Jobs said that he has 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. Now it makes so much since that he sent Tim Cook to represent Apple at the Verizon iPhone announcement instead of him, trying to position Tim appropriately. From there he just asked that folks respect the privacy of him and his family and said that he hoped to be back soon.
Jobs has serious health issues in the past which he hid for quite a while, so the fact that he is being so upfront about this now means that he learned from the backlash both he and the company received the last time. The thing that jumps out to me is he talks about his team being able to execute the plans they have in place for 2011, which implies to us that he may not return this year. What all this means to Apple and possibly more importantly its stock is anyone’s guess. Check out the full email jobs sent to Apple employees below.
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.
So what do you think this means for Apple? Can Apple continue to innovate without Steve at the helm on a daily basis? What’s funny is that this news breaks almost two years to the day that the news about his first LOA broke, coincidence, with Jobs probably not. Get well Steve. Tell us what you think in the comments.