- Apr 12, 2001
Google today announced that former Genentech CEO Arthur Levinson has stepped down from the company's Board of Directors, effective immediately, after five years in the position. Levinson has also served as a member of Apple's Board of Directors since 2000.
Levinson's positions on the Apple's and Google's boards gained publicity after the Securities and Exchange Commission (SEC) began investigating corporate ties between the two companies as they began to compete in an increasing number of areas while continuing to share close ties.Google CEO and Chairman Eric Schmidt described Levinson as a good friend and valued colleague. "Art has been a key part of Google's success these past five years, offering unvarnished advice and vital counsel on every big issue and opportunity Google has faced," Schmidt said. "Though he leaves as a member of our Board, Art will always have a special place at Google."
"Working with Eric, Larry, Sergey and the whole Google team has been a remarkable experience for me. I greatly admire what they've built and have no doubt that Google has a terrific future," said Levinson.
Google CEO Eric Schmidt had been a member of Apple's Board of Directors, but resigned in early August due to limitations on his effectiveness as he was forced to recuse himself from Board discussions related to the increasing number of areas of competition. The SEC commended the two companies for recognizing Schmidt's conflict of interest, but indicated that it would continue to investigate ties between the two companies.
Article Link: Arthur Levinson Resigns From Google's Board of Directors