Tuesday, November 15, 2011

Former Genentech CEO Art Levinson named chairman of Apple

Computer and popular electronics company Apple Inc. made Arthur Levinson non-executive chairman of its board of directors on Tuesday.
Cupertino-based Apple (NASDAQ: AAPL) also added Robert Iger, president and CEO of Walt Disney Co. (NYSE: DIS) to its board.
Levinson, who is chairman of South San Francisco-based Genentech and was its CEO in the past, has been on Apple’s board since 2000. Tim Cook, Apple’s CEO, said Levinson is the company’s “longest serving co-lead director.”

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