Apple Names Art Levinson Chairman, Disney's Bob Iger Joins Board of Directors

apple logoApple today announced that Art Levinson has been named Chairman of the Board of Directors. The former Genentech executive has served on Apple's board since 2000 and has been a co-lead director since 2005. In addition, Disney president and CEO Bob Iger has been named to the board.

“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.”

Levinson had served on all three of the board's committees, and will continue to serve on the audit committee following his elevation to chairman. Iger will also serve on the audit committee.

Disney and Apple have a relatively close relationship given that Disney had purchased Pixar back in 2006 when it was owned by Steve Jobs. Jobs had subsequently served on Disney's board of directors and was the company's largest individual shareholder.

Top Rated Comments

3N16MA Avatar
133 months ago
Maybe...

DIS Mkt cap 64.23B


AAPL Mkt cap 361.38B

https://www.google.com/finance?q=NASDAQ%3AAAPL

https://www.google.com/finance?q=NYSE%3ADIS

I think they can afford it:D
Apple's Market Cap has nothing to do with whether they can afford to acquire Disney.
Score: 8 Votes (Like | Disagree)
Nothlit Avatar
133 months ago
So after Steve's death all this dude's done is change the company all over. I'd be kinda pissed if I owned stock. Comment doesn't really relate to this event, just that we keep seeing these stories again and again.

If you read the Steve Jobs biography you'd know that he really respected both Levinson and Iger. Steve was the largest shareholder of Disney, and worked directly with Iger to facilitate Disney's purchase of Pixar in 2006. So to imply that making Levinson chairman and adding Iger to the board are things that Steve would have disagreed with is just wrong.
Score: 6 Votes (Like | Disagree)
slrandall Avatar
133 months ago
From what I read about him in Steve's bio, Art's a great guy. Glad to see this happen.
Score: 5 Votes (Like | Disagree)
visim91 Avatar
133 months ago
Steve's dead. He's nothing.

If you meant "Steve wasn't an idiot", then say that.




Well, if the rumoured "even thinner" 15" MacBook comes with an external USB 3.0 Blu-ray Disc burner - then we'll know that Tim got the message.

If it's a bigger MacBook Air, Tim didn't get the message.

The world beyond the end of your nose must be a deeply confusing, troubling place for you.
Score: 4 Votes (Like | Disagree)
EssentialParado Avatar
133 months ago
Great move on both counts. Bolster's faith in a post-Steve Apple future.
Score: 4 Votes (Like | Disagree)
TheQuestion Avatar
133 months ago
It is clear to me after nearly completing his bio, that this is exactly the type of thing Steve would want for his baby.

Good choice.

Now how long until Jony Ive takes over?

I don't think you will ever see Ive take over as Apple's CEO. Even though Steve called him a soulmate of sorts in his bio, Ive has shunned the spotlight and shown no inclination that he wants the responsibility of being a CEO. He's also too nice a guy. I think Scott Forstall would be more a likely candidate after Cook. He appears to have the right mix of genius, tyrant and a****** to be the next Steve. Before anyone flames me for insinuating Steve is a sphincter, Steve admits it several times in Isaacson's bio. It's part of the recipe for success.
Score: 3 Votes (Like | Disagree)

Popular Stories

safari icon blue banner

Safari Bug Allows Websites to Track Your Recent Browsing Activity in Real Time [Updated]

Sunday January 16, 2022 3:37 pm PST by
A bug in WebKit's implementation of a JavaScript API called IndexedDB can reveal your recent browsing history and even your identity, according to a blog post shared on Friday by browser fingerprinting service FingerprintJS. In a nutshell, the bug allows any website that uses IndexedDB to access the names of IndexedDB databases generated by other websites during a user's browsing session....
iPhone 14 Mock pill and hole thumb

ProMotion Now Expected to Remain Exclusive to iPhone 14 Pro Models, Not Expand to Entire Lineup

Sunday January 16, 2022 8:56 am PST by
Continuing the tradition set with the iPhone 13 Pro, only the highest-end iPhone 14 models will feature Apple's ProMotion display technology, according to a respected display analyst. Ross Young, who on multiple occasions has detailed accurate information about Apple's future products, said in a tweet that ProMotion will not be expanded to the entire iPhone 14 lineup and will remain...
iPad Air Feature 2 green

New Apple Products Filed in Regulatory Database, Likely Including New iPhone SE and iPad Air

Tuesday January 18, 2022 6:11 am PST by
Apple today filed unreleased iPhone and iPad models in the Eurasian Economic Commission database, as spotted by French blog Consomac. The filings likely represent the rumored third-generation iPhone SE, fifth-generation iPad Air, and potentially more. The unreleased iPhone models have the identifiers A2595, A2783, and A2784, while the unreleased iPad models have the identifiers A2588, A2589, ...
AirPods 3 New Firmware Feature

Apple Updates AirPods 3 Firmware to Version 4C170

Tuesday January 18, 2022 11:46 am PST by
Apple today released a new 4C170 firmware update for the AirPods 3, an update from the prior 4C165 that was made available in December. Apple does not offer details on what's included in new firmware updates for the AirPods‌, so we don't know what improvements or bug fixes the new firmware brings. There is no standard way to upgrade the ‌AirPods‌‌ software, but firmware is...
iphone 5g mmwave

U.S. Airlines Warn of 'Catastrophic' Crisis With Impending 5G Rollout, AT&T and Verizon Agree to Delay Around Airports

Tuesday January 18, 2022 10:35 am PST by
Verizon and AT&T's upcoming rollout of new C-Band 5G technology could cause chaos and lead to widespread delays of passenger and cargo flights, major U.S. airlines said on Monday in a letter sent to the White House National Economic Council, the FAA, and the FCC (via Reuters). "Unless our major hubs are cleared to fly, the vast majority of the traveling and shipping public will essentially...
iphone se 2020 top

iPhone SE With Larger 5.7-Inch Display May Launch in 2023, 'iPhone SE+ 5G' Also Rumored

Monday January 17, 2022 6:46 am PST by
Apple is planning to release a fourth-generation iPhone SE with a larger 5.7-inch display as early as 2023, according to display industry consultant Ross Young, who has proven to be a reliable source of information for future Apple products. The fourth-generation iPhone SE has until now been rumored to launch in 2024, but Young now says a 2023 release is looking more likely....
tesla carplay solution

Developer Showcases Apple CarPlay Workaround for Teslas

Monday January 17, 2022 7:24 am PST by
A Tesla Model 3 owner has resorted to a workaround to implement Apple CarPlay in his vehicle, amid no sign of official support from Tesla (via Tesla North). Apple CarPlay and Apple Music support are among the most-requested Tesla features, but with no indication that Tesla is willing to implement Apple CarPlay in its vehicles, Polish developer Michał Gapiński took matters into his own...
ipad air 4 video

New iPad Air Rumored to Launch This Spring With A15 Chip, 5G, Center Stage Camera, and More

Saturday January 15, 2022 8:05 pm PST by
Apple is planning to release a fifth-generation iPad Air with similar features as the sixth-generation iPad mini, including an A15 Bionic chip, 12-megapixel Ultra Wide front camera with Center Stage support, 5G for cellular models, and Quad-LED True Tone flash, according to Japanese blog Mac Otakara. Citing reliables sources in China, the report claims that the new iPad Air could be...