Walt DIsney CEO Bob Iger resigned from Apple's board of directors, of which he served for eight years. This is reported by The Hollywood Reporter with reference to an official press release.
"I have great respect for Tim Cook, his team at Apple and my colleagues on the board of directors," Iger said in a statement. Apple is one of the most respected companies in the world, renowned for the quality of its products and the expertise of its people, and I am eternally grateful to be a member of the board of directors of this company. "
" Bob was an exemplary board member at for almost eight years, and during his time as CEO of Walt Disney, he was one of Apple's most trusted business partners. A visionary leader and role model for a generation of business leaders. Most importantly, Bob is our friend. He always followed his heart and generously shared his time and advice, "Apple said in a response.
The likely reason was Apple's upcoming launch of its own streaming service that will compete with similar service Disney, which may lead to a conflict of interest.
The Topic of Article: Walt Disney CEO resigns from Apple Board.