Disney Chief Bob Iger Joins Apple Board

Apple has added to its board of directors Disney CEO Bob Iger, the man responsible for making the late Steve Jobs the media conglomerate's largest shareholder.

Apple also said Tuesday it has made Arthur Levinson, the former CEO of Genentech and an Apple director since 2000, its non-executive chairman.

Apple has had a vacancy on its board since co-founder Jobs died last month. Jobs was also a Disney director and he had been the company's largest shareholder since Disney, under Iger, purchased Pixar for $7.4 billion in 2006.

"Bob and I have gotten to know one another very well over the past few years," Apple CEO Tim Cook said. "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."