Today Disney’s CEO Bob Iger announced that he is resigning from Apple’s Board of Directors. This news comes as Apple and Disney will be going head to head this fall with the launch of Apple TV+ and Disney+.
This news came from an SEC filing from Apple today that simply says: “On September 10, 2019, Bob Iger resigned from the Board of Directors of Apple Inc.”
It is interesting to note that Bob Iger resigned the same day Apple announced the pricing and release date for Apple TV+. Bob Iger had been on the board of directors for Apple since 2011. Bob Iger has been with Disney since 1996 when Disney purchased ABC. Mr. Iger became CEO of Disney in 2005 after Michael Eisner resigned.
Bob Iger will be stepping down as CEO of Disney when his contract ends in 2021 for retirement.
“I’m expecting my contract to expire at the end of 2021,” Bob Iger Iger said when addressing a question about his contract ending in 2021. “I’d say, ‘This time I mean it,’ but I’ve said that before. I’ve been CEO since October 2005 and as I’ve said many times, there’s a time for everything, and 2021 will be time for me to finally step down.”
For now, Apple has not announced if they plan to replace Bob Iger on their board of directors.
This is breaking news more to come soon.
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