Apple CEO Steve Jobs is taking medical leave from work so that he can focus on his health. Tim Cook will take care of the day to day operations in his absence.� Steve will continue as CEO of Apple. Not much info is available as of now .
This is the press release from Apple below

Apple CEO Steve Jobs today sent the following email to all Apple employees:

Team,

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.

Steve

Hope Steve is back in action to launch new Apple products. Very few people can match his presentation skills !

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