16 November 2011 | Author: R Wood Media Intern

Apple names new chairman

Apple names new chairman In the first significant boardroom shuffle since Steve Jobs' death, Apple has named Art Levinson as chairman and added Bob Iger to its board of directors.

Levinson - who replaces Jobs as chairman - had been co-lead on Apple's board alongside Bill Campbell prior to his new role.

In the weeks leading up to the announcement, there was some speculation that Campbell would be named chairman, however Levinson's appointment as chairman puts that to rest.

Apple CEO Tim Cook said in a statement: "Art has made enormous contributions to Apple since he joined the board in 2000. He has been our longest serving co-lead director, and his insight and leadership are incredible valuable to Apple, our employees and our shareholders."

Also joining the board of directors is Disney CEO Bob Iger - bringing the two companies even closer together. Prior to his death, Jobs served on the board of directors for Disney following their acquisition of Pixar in 2006.

Their close relationship also helped bring ABC television shows to Apple's music service iTunes - the first company to sign a video deal.

"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," Cook said.

"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."

Iger echoed Cook's enthusiasm saying: "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."

Iger joins the likes of some of the most impressive innovators and businessmen in the world - also serving on Apple's board is former Vice President Al Gore, Avon CEO Andrea Jung, Bill Campbell and Ron Sugar among others.
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