Disney CEO Bob Iger Resigns from Apple's Board of Directors

Disney CEO Bob Iger has officially resigned from Apple‘s board of directors.

According to an SEC filing, Iger had stepped down from his position on the board on September 10, almost eight years after he first joined. According to the Disney CEO’s statement to The Hollywood Reporter, Iger says that he has “the utmost respect for Tim Cook, his team at Apple and for my fellow board members. Apple is one of the world’s most admired companies, known for the quality and integrity of its products and its people, and I am forever grateful to have served as a member of the company’s board.”

While Iger nor Apple has given any official reason for his departure, it seems less than a coincidence that his exit took place the same day Apple announced its own streaming service Apple+, which will directly compete against Disney’s earlier-announced platform, Disney+.

On the resignation, Apple issued the following statement, praising the Disney CEO for his contributions over the eight years:

“Bob has been an exemplary board member for nearly eight years, and for as long as he has led Disney he has been one of Apple’s most trusted business partners. He is a dedicated, visionary CEO and a role model for an entire generation of business leaders. More than anything, Bob is our friend. He leads with his heart and he has always been generous with his time and advice. While we will greatly miss his contributions as a board member, we respect his decision and we have every expectation that our relationship with both Bob and Disney will continue far into the future.”

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