Disney CEO Bob Iger has resigned from Apple’s board of administrators, in line with a just-published SEC submitting.
Neither firm has given any motive for the departure — the explanatory textual content of the SEC submitting is actually simply “On September 10, 2019, Bob Iger resigned from the Board of Administrators of Apple Inc.” — however with Disney and Apple each prepping to launch their very own video streaming companies in November, it might be that there’s beginning to be an excessive amount of overlap. Provided that the companies are known as “Disney+” and “Apple TV+” respectively, it’s simple to see the place issues would possibly begin to get too muddled.
Iger initially joined Apple’s board in November of 2011.
Apple’s Board of Administrators now has seven members: Chairman Arthur D. Levinson (CEO of Alphabet’s biotech R&D firm Calico), James A. Bell (the previous CFO of Boeing), Al Gore, Andrea Jung (CEO of Grameen America), Ronald Sugar (Former CEO Northtrop Grumman), Susan L. Wagner (Co-Founding father of BlackRock), and Apple CEO Tim Cook dinner.
We’ve reached out to the businesses for remark, and can replace if we hear again.
[Picture Credit score: Axelle/Bauer-Griffin / Contributor from Getty Pictures]