Apple has announced via a SEC filing, that Disney CEO Bob Iger has stepped down off the board of directors at Apple. He resigned from the post on September 10th, when Apple was making its pricing and release date announcement about its new streaming service, Apple TV+.
Bob Iger said in a statement:
“I have 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.”
Bob Iger had been on Apple’s board of directors since 2011 and Apple has previously assured investors it would maintain “arm’s-length” dealings with Disney even with Bob Iger on its board.
This news shouldn’t be considered a huge surprise since his position on the board would be at odds with his role at the Walt Disney Company, since Apple TV+ and Disney+ are set to be direct competitors and it would be seen as a conflict of interest.