Apple CEO Steve Jobs Takes Medical Leave Until June
Apple Inc. Chief Executive Officer Steve Jobs, who said this month that he is having treatment for a nutritional ailment, will take a medical leave of absence until June.
Tim Cook will take over Apple’s day-to-day operations, the Cupertino, California-based company said today in a statement. Jobs said he will remain involved in major strategic decisions.
“During the past week I have learned that my health- related issues are more complex than I originally thought,” Jobs said in the statement.
Jobs, who co-founded Apple in 1976, returned as CEO in 1997 and transformed the money-losing maker of Macintosh computers. His focus on stylish design and simple-to-use gadgets won over millions of buyers, turning Apple’s iPod media player and iPhone into best sellers. Jobs, who had successful surgery for pancreatic cancer in 2004, appeared thinner at Apple events last year.
Apple shares were halted in extended trading. They lost $2.38 to $85.33 today in Nasdaq Stock Market trading.
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