Apple has announced that Arthur D. Levinson, former CEO of Genentech, has been named as Chairman of the Board and will continue serving on the audit comitee. Apple has also announed that Disney’s CEO Bob Iger has joined the Board. Tim Cook commented:
“Art has made enormous contributions to Apple since he joined the board in 2000. He has been our longest serving co-lead director, and his insight and leadership are incredibly valuable to Apple, our employees and our shareholders.”
After Steve Jobs stepped down from his role as CEO, he became the company’s first Chairman. Levinson has now taken Jobs’s seat, after the inspirational founder passed away October 5, just a day after the company’s team of executives announced the iPhone 4S at a media event in Cupertino. Since 2005, Levinson served as co-lead director with Andrea Jung. Levinson has been known for pushing Apple to allow third party applications into Apple’s platform and guiding Jobs through Apple’s antenna problems with the iPhone 4.
In 2009, Levinson was forced to resign from Google’s Board of Directors. Levinson was serving on both Google and Apple’s Board, and once Google and Apple began moving into the same space, he was forced to resign from one Board. Consequentially he chose to be part of Apple.
Bob Iger is currently the President and CEO of Disney, and is joining Apple’s board and will serve on the audit committee. Iger and Jobs had a close relationship with one another while Jobs served as Chairman of Disney/Pixar’s Board. Tim Cook commented:
“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. His strategic vision for Disney is based on three fundamentals: generating the best creative content possible, fostering innovation and utilizing the latest technology, and expanding into new markets around the world which makes him a great fit for Apple.”
Press release after the break: