Apple Names New Chairman of the Board

Posted by · November 15, 2011 3:20 pm

Today, Apple has announced that it has finally filled Steve Jobs’ other job. Although the company quickly filled the CEO position with Tim Cook after Jobs stepped down, his position as Chairman of the Board has remained vacant until now.

Meet Arthur D. Levinson. A part of the board since 2005, Levinson was previously a co-lead director, who served on three committees, including audit and finance, nominating and corporate governance, and compensation. In addition to his position on the Apple board, Levinson is also chairman of Genentech, Inc., as well as a member of the Roche Board of Directors.

“Art has made enormous contributions to Apple since he joined the board in 2000,” said Apple CEO Tim Cook, reacting to the announcement. “He has been our longest serving co-lead director, and his insight and leadership are incredibly valuable to Apple, our employees and our shareholders.”

The new Apple chairman comes with quite an impressive resume. In addition to the above-noted positions, Levinson is also the director of Amyris, NGM Biopharmaceuticals, Inc., and the Broad Institute of MIT and Harvard. He is also part of the American Academy of Arts & Sciences and a doctoral graduate of the Biochemical Studies program at Princeton University.

In addition to a new chairman, Apple also gained a new board member, Robert Iger. Currently the President and CEO of The Walt Disney Company, Iger is set to serve on the board’s audit committee. He is also a board member of the US-China Business Council and was also appointed by President Barack Obama to the President’s Export Council.

“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,” says 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.”

Apple’s new chairman also had a positive reaction to the news, not only regarding his new position, but the addition of Iger as well. “I am honored to be named chairman of Apple’s board and welcome Bob to our team,” Levinson said. “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.”

Will the collaborative efforts of these great minds be able to maintain and improve upon the iconic culture largely wrought by the brilliance of one Steve Jobs? I guess we’ll find out.