Today, Apple has announced that Art Levinson has been named Chairman of the Board of Directors. Levinson replaces Steve Jobs in the chairman’s role, who was briefly named Apple’s chairman following his resignation as its chief executive. Art Levinson was the former Genentech executive and has served on Apple’s board since 2000. He has also been the co-lead director since 2005.
In addition, Disney president and CEO, Bob Iger, has also joined the board. Igor played an important role in rebuliding the partnership between Disney and Pixar after both the companies’ relationship turned away under the leadership of his predecessor at Disney, Michael Eisner.
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.
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,said Tim Cook. 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.
I’m not surprised because Disney and Apple have had a close relationship given that Disney had purchased Pixar back in 2006 when it was owned by Steve Jobs. Jobs had also served on Disney’s board of directors and was the company’s largest individual shareholder.