Apple names Arthur Levinson as chairman

LONDON, Nov 16 (BBC): The world's most valuable technology company, Apple, has named long-serving director Arthur Levinson as chairman of the board. The post had been vacant since Apple co-founder Steve Jobs died in early October. Mr Levinson is chairman of Genentech and has been co-lead director on Apple's board, which he joined in 2000, since 2005. Apple has also appointed Disney boss Robert Iger to its board of directors. "Apple is always focused on out-innovating itself... and that is something I am very proud to be a part of," Mr Levinson said in a statement. Apple shares were up by 2.5% at $388.83 following the news.