Disney's Iger named to Apple board

Bob Iger, Disney president and CEO, is joining the Board of Directors at Apple.

The company today announced his appointment to the board as well as the company's audit committee. At the same time, long-time board member Arthur Levinson (co-founder of Genentech) has been named chairman.

“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 Apple CEO 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.”

Iger hasn't been formally associated with Apple before, but he certainly has been up to speed on the company's operations. Iger and Steve Jobs served together at Disney, following the Mouse House's acquisition of Pixar in 2006. It was Iger, in fact, who managed to mend the rift between the companies, following a showdown between Steve Jobs and Michael Eisner.