Apple yesterday named long-serving director Arthur Levinson as its new chairman, filling a post left vacant by the death of co-founder Steve Jobs.
Levinson, chairman of biotechnology giant Genentech, has been on the Apple board since 2000, serving on both its audit and finance committees. Apple’s stock rose more than 2.5 per cent in the wake of the news, which is seen as another step towards building the next generation of Apple executives as the firm comes to terms with life after Jobs.
Walt Disney chief executive Bob Iger, who had a strong relationship with the late Silicon Valley icon, also joins the board of the world’s largest technology company.
Chief executive Tim Cook said: “[Levinson] has been our longest serving co-lead director, and his insight and leadership are incredibly valuable to Apple, our employees and our shareholders.”