Date: Wednesday, November 16th, 2011, 08:08
It’s time to step up to the plate.
According to the company’s press release, Apple has named Arthur D. Levinson, Ph. D. as its new non-executive Chairman of the Board.
Levinson replaces Steve Jobs in the chairman role, who was briefly named Apple’s chairman following his resignation as its chief executive.
Levinson has served as a co-lead director on Apple’s board since 2005, and has served on three board committees— audit and finance, nominating and corporate governance, and compensation. Apple noted he will continue to serve on the audit committee.
Levinson also serves as the chairman of Genentech, Inc., a biotech firm he lead as chief executive from 1995 through 2009, and is a member of the board of directors at pharmaceutical firm Roche.
Apple’s new chief executive Tim Cook said in a statement that “Art has made enormous contributions to Apple since he joined the board in 2000. He has been our longest serving co-lead director, and his insight and leadership are incredibly valuable to Apple, our employees and our shareholders.”
Levinson stated, “I am honored to be named chairman of Apple’s board and welcome Bob to our team. Apple is always focused on out-innovating itself through the delivery of truly innovative products that simplify and improve our lives, and that is something I am very proud to be a part of.”
Stay tuned for additional details as they become available.
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