Apple has named Arthur D. Levinson, Ph. D. as the Company's non-executive Chairman of the Board. Apple also announced that Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company, will join Apple's board and will serve on the audit committee.
Levinson has been a co-lead director of Apple's board since 2005, has served on all three board committees-- audit and finance, nominating and corporate governance, and compensation--and will continue to serve on the audit committee.
"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."
"I am honored to be named chairman of Apple's board and welcome Bob to our team," said Art Levinson. "Apple is always focused on out-innovating itself through the delivery of truly innovative products that simplify and improve our lives, and that is something I am very proud to be a part of."
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.
Iger is the steward of the world's largest media company and some of the most respected and beloved brands around the globe. He has built on Disney's rich history of unforgettable storytelling, with the acquisition of Pixar (2006) and Marvel (2009), two of the entertainment industry's greatest storytellers.
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."