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.

Popular Stories

maxresdefault

iPhone SE 4 With Face ID Said to Be Priced Below $500

Monday May 20, 2024 3:43 am PDT by
Apple is targeting a sub-$500 starting price for its upcoming fourth-generation iPhone SE model despite a raft of rumored upgrades coming to the more affordable device. According to leaker Revegnus on X, the U.S. launch price of the fourth-generation iPhone SE will either remain at the same $429 starting price as the current model, or will see an increase of around 10%. Either way, Apple's...
iOS 17

Apple Releases iOS 17.5.1 With Fix for Reappearing Photos Bug

Monday May 20, 2024 10:11 am PDT by
Apple today released iOS 17.5.1 and iPadOS 17.5.1, minor updates to the iOS 17 and iPadOS 17 operating system updates that came out last September. The 17.5.1 updates come a week after the launch of iOS 17.5 and iPadOS 17.5. iOS 17.5.1 and iPadOS 17.5.1 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. According to Apple's...
iPhone 16 Camera Lozenge 2 Perspective

iPhone 16 Lineup Rumored to Come in These Two New Colors

Sunday May 19, 2024 11:08 am PDT by
Apple analyst Ming-Chi Kuo today outlined his expectations for the iPhone 16 lineup's color options, revealing that two new colors should replace two of the existing shades. Kuo outlined his expectations in a post on X (formerly Twitter) earlier today. He believes that the iPhone 16 Pro and iPhone 16 Pro Max will be available in black, white or silver, gray or "Natural Titanium," and rose....
microsoft surface pro qualcomm

Microsoft Says New Surface Pro is Faster Than 15" M3 MacBook Air

Monday May 20, 2024 3:19 pm PDT by
Microsoft is going all in on AI, today introducing a series of Copilot+ PCs that have AI-focused hardware. The new Surface Pro is one of the first Copilot+ PCs, equipped with Qualcomm's Arm-based Snapdragon X Elite processor. Microsoft is already pitting the Surface Pro against Apple's M3 MacBook Air, and in marketing materials, claims that the Surface Pro has superior processing power and...
iOS 17

iOS 17.5 Bug May Also Resurface Deleted Photos on Wiped, Sold Devices [Updated]

Friday May 17, 2024 12:24 pm PDT by
A bug in iOS 17.5 is apparently causing photos that have been deleted to reappear, and the issue seems to impact even iPhones and iPads that have been erased and sold off to other people. A Reddit user wiped an iPad following Apple's guidelines in September of 2023 before selling it off to a friend. That friend updated the iPad to iPadOS 17.5 this week, and began seeing the Reddit user's old ...
iphone se 4 modified flag edges

When to Expect the Next iPhone SE to Launch

Friday May 17, 2024 2:03 pm PDT by
It has been over two years since Apple released the third-generation iPhone SE, and rumors continue to surface about a new model. The latest word comes from The Information, which today reported that Apple plans to release a new iPhone SE with a design similar to the standard iPhone 14 in the spring of 2025. If this rumor is accurate, the iPhone SE would finally gain Face ID and a notch...

Top Rated Comments

3N16MA Avatar
163 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
163 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
163 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
163 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
163 months ago
Great move on both counts. Bolster's faith in a post-Steve Apple future.
Score: 4 Votes (Like | Disagree)
TheQuestion Avatar
163 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)