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Jan. 17, 2011 / 9:56 AM

Apple's Steve Jobs takes medical leave

An electronic sign show a decline in Apple stock at the NASDAQ on January 18, 2011 in New York City. Apple announced that its CEO, Steve Jobs, was taking another medical leave which dragged down the Nasdaq composite index. UPI/Monika Graff

An electronic sign show a decline in Apple stock at the NASDAQ on January 18, 2011 in New York City. Apple announced that its CEO, Steve Jobs, was taking another medical leave which dragged down the Nasdaq composite index. UPI/Monika Graff | License Photo

CUPERTINO, Calif., Jan. 17 (UPI) -- Steve Jobs, chief executive officer of U.S. computing giant Apple, announced he will be taking a medical leave of absence.

"At my request, the board of directors has granted me a medical leave of absence so I can focus on my health," Jobs said in an e-mail to employees. "I will continue as CEO and be involved in major strategic decisions for the company."

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The reason for the medical leave of absence was not stated. Jobs underwent a liver transplant in 2009.

Jobs said he tapped Chief Operating Officer Tim Cook to head 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," Jobs said.

Jobs said he hoped to return to work as soon as possible, and asked that his and his family's privacy be respected.

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