Disney CEO replaces Steve Jobs on Apple’s board
A screenshot of the Apple website home page on Oct. 5, 2011.
Walt Disney Co. CEO Bob Iger has been added to Apple's board of directors, filling the vacancy left after the death of company founder Steve Jobs, Reuters reported Tuesday.
According to Reuters, Iger and Jobs had a "strong" relationship (Jobs sold Pixar to Disney in 2006), and the move comes as Apple "moves deeper into the media business with its iTunes store."
Meanwhile, Genentech Inc Chairman Arthur Levinson will become chairman of Apple's board, CNN reported.
"Art has made enormous contributions to Apple since he joined the board in 2000," Apple CEO Tim Cook said in a statement. "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."
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Levinson has been on Apple's board since 2005.
"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," Levinson said in a statement.
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