Apple Inc.’s visionary and hands-on leader, Steve
Jobs will be taking an extended medical leave once again. He would however, remain CEO of the company.

Steve Jobs, a pancreatic cancer survivor, announced that
he would take an extended medical leave yet again. Unlike in 2009, he did not mention when he expects to return.

During Jobs’ absence, Chief Operating Officer, Tim Cook will
take responsibility for the company’s day-to-day operations. Cook, who
is predicted to be the logical successor to Jobs, ran the company for two months in
2004 and again in 2009 when Jobs took time off to fight cancer. 

No further details were provided, though here’s his email to employees expressing his love for the company and his wish to return as soon as he can:

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. 

Privacy, indeed. 
Source: Yahoo! News