Apple Inc. (AAPL) Names Arthur D. Levinson as Chairman, Disney CEO Bob Iger Joins Board
After the passing of former CEO and Chairman Steve Jobs, Apple Inc. (NASDAQ:AAPL) has made transitions to appoint a new Chairman of the Board, as well as a new addition to the board. Apple’s new chairman is Arthur D. Levinson, co-lead director of the board since 2005, and also chairman of Genentech.
While Levinson settles in his new roles and begins to grasp his new responsibilities as Chairman, the board receives a new member, Disney CEO Bob Iger.
Iger worked with Steve Jobs, and Tim Cook in the past and as a good relationship with AAPL. Both Levinson and Iger will now take part in larger events at Apple Inc. and will both serve on the board’s audit committee. Apple CEO, Tim Cook welcomed the Chariman and boardmember, saying that Disney’s CEO would be “a great fit for Apple”.
Bob and I have gotten to know one another very well over the past few years and on behalf of the entire board, we think he is going to make an extraordinary addition to our already very strong board
“Art has made enormous contributions to Apple since he joined the board in 2000,” said Tim Cook, Apple’s CEO. “He has been our longest serving co-lead director, and his insight and leadership are incredibly valuable to Apple, our employees and our shareholders.”
As CEO of Pixar, Steve Jobs was the largest shareholder of Disney and kept very good connections with the company over the years. Disney and Apple Inc. have also worked together on numerous occasions, on both iTunes releases as well as a presentation from Bob Iger during the introduction of iAd. Under new leadership, Apple is progressing towards a bright future, and releasing products that are a big hit with customers. With Levinson and Iger, Apple is looking forward to a long successful journey.