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Disney CEO Bob Iger Joins Apple’s Board

17 November 2011 No Comment

On Monday, it was announced that President and CEO of The Walt Disney Company Robert A. Iger would be taking on a role as a member of the board of Apple, Inc. Arthur D. Levinson also became Apple’s new chairman, succeeding Steve Jobs, who passed in October.

In a statement, Levison said he was “honored to be named chairman of Apple’s board” and welcomed Bob Iger to the team.

Iger and Jobs knew each other for many years, and shortly after Iger’s appointment to CEO of The Walt Disney Co. in 2005, he and Jobs agreed that Disney would acquire Pixar Animation Studios. Because of that agreement, Jobs had joined the Disney board and became its largest stockholder.

Commenting on his role on Apple’s board, Iger says:

Apple has achieved unprecedented success by consistently creating high quality, truly innovative products, and I am extremely pleased to join the board of such a wonderful company. Over the years, I have come to know and admire the management team, now ably led by Tim Cook, and I am confident they have the leadership and vision to ensure Apple’s continued momentum and success.

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