Apple has announced Arthur Levinson as chairman of the board and has added Disney CEO Robert Iger to its members. Levinson has been co-lead director of the Apple board since 2005 while Iger has been CEO and president of The Walt Disney Company since March 2005, acquiring Pixar in 2006.

“Bob and I have gotten to know one another very well over the past few years and on behalf of the entire board, we think he is going to make an extraordinary addition to our already very strong board,” said Apple CEO Tim Cook. “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.”

“I am honored to be named chairman of Apple’s board and welcome Bob to our team,” added chairman Levinson. “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.”