Steve Jobs to stay on Disney board: source

Reuters News
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Posted: Aug 24, 2011 8:58 PM
Steve Jobs to stay on Disney board: source

NEW YORK (Reuters) - Steve Jobs, who resigned as chief executive officer of Apple Inc on Wednesday, plans to keep his seat on the board of directors of Walt Disney Co, a source close to Disney said on Wednesday.

Jobs joined Disney's board when the media company acquired Pixar, the animation studio he ran, for $7.4 billion. The deal was announced in January 2006.

(Reporting by Peter Lauria; writing by Martinne Geller; editing by Carol Bishopric)