Apple Names Art Levinson Chairman, Adds Disney's Bob Iger To Board

New Execs

APPLE has named board member and GENENTECH Chairman ART LEVINSON as non-executive Chairman and has added THE WALT DISNEY CO. CEO BOB IGER as a director.

LEVINSON assumes one of the late STEVE JOBS' roles with his ascendancy to the Chair.  He has been on the APPLE board since 2000.

"ART has made enormous contributions to APPLE since he joined the board in 2000," said CEO TIM COOK. "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 COOK about IGER, who will serve on the board's Audit Committee. "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."

"I am honored to be named chairman of APPLE's board and welcome BOB to our team," said 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."

"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," said IGER. "Over the years, I have come to know and admire the management team, now ably led by TIM COOK, and I am confident they have the leadership and vision to ensure APPLE's continued momentum and success."

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