Bob Iger Resigns from Apple

Bob Iger who is also the CEO of Disney has officially resigned from Apple‘s board of directors, almost eight years after he first joined the board on September 10. The Disney CEO in a statement issues to The Hollywood Reporter says 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 the reason for his departure is yet unknown, 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.”