Disney chief executive Bob Iger has stepped down from his position on Apple's board of directors.
Iger's decision comes as Apple confirmed this week that the release of its subscription streaming service, Apple TV Plus, is slated for November 1.
"Apple is one of the world's most admired companies," Iger said in a statement, in part, obtained by the New York Times.
"I am forever grateful to have served as a member of the company's board." Visit Business Insider's homepage for more stories.