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Disney CEO Will Take Steve Jobs’ Place in Apple Boardroom

Iger a perfect fit for Apple's diverse brain trust

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Dow LeaderboardApple Inc. (NASDAQ:AAPL) has added the top Disney (NYSE:DIS) exec to its board to replace the seat lost following the death of Apple co-founder Steve Jobs in October.

Disney CEO Bob Iger joining the Apple board of directors is a natural move, considering the longtime partnership between the innovative tech company and the “imagineers” at Disney. Disney acquired Pixar and turned Steve Jobs into the company’s largest shareholder.

Bob Iger has been a longtime friend to Apple ever since the 2006 buyout of Pixar. The deal was worth about $7.4 billion and made Jobs one of the largest Disney shareholders, but he and CEO Steve Jobs were kindred spirits who were more than just business partners.

In addition to the appointment of Disney CEO Iger, Apple’s board app appointed former Genentech CEO Arthur Levinson as its non-executive chairman. Levinson has served on Apple’s board since 2000 — before even the iPod was launched. Though a research scientist by training and an executive in the biotech arena, Levinson’s drive for innovation has made him an integral part of Apple over the years.

This history of longstanding relationships is not an outlier for the new appointment of Iger and the elevation of Levinson. Take a look at the rest of the Apple board:

William V. Campbell: Current board chairman at Intuit (NASDAQ:INTU), which makes TurboTax and Quicken, William V. Campbell previously served as executive vice president at Apple. He has had ties to Apple dating back to 1983.

Tim Cook: The chief executive officer following Steve Jobs’ resignation, Tim Cook was hand-picked by the late Apple founder and groomed as his successor in the corner office. He joined Apple in 1998 and played a big role in getting Apple out of the manufacturing game and simply into the business of designing and marketing hit gadgets.

Article printed from InvestorPlace Media,

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