“Disney CEO Bob Iger” by glennia is licensed under CC BY-NC 2.0

Bob Iger, the former Chief Executive and current Executive Chairman of Disney, has been announced as a new board director at Perfect Day, a company that makes animal-free dairy product substitutes. Iger has taken the first founder-designated board set at Perfect Day, marking his first non-Disney board position since he left the board of tech giant Apple in September last year. 

As a board member, Iger will help grow Perfect Day, which is a six-year-old company that’s looking to champion sustainability by utilizing fermentation to create dairy protein rather than get them directly from cows as is usually done. Perfect Day is among a cohort of companies that are offering alternatives to protein and meat products usually gotten from animals by getting them through other non-traditional ways, other notable names in this cohort including Impossible Foods and Beyond Meat.

Founded in 2014 and based out of the Bay Area in California, Perfect Day has raised over $360 million in funding to date. Investors in the company include notable names like Temasek Holdings, Horizons Ventures, and Iconiq Capital. 

Iger’s appointment adds up the number of board members at Perfect Day to five, the other four being the company’s co-founders, Ryan Pandya and Perumal Gandhi, and Aftab Mathur and Patrick Zhang of Temasek Holdings and Horizons Ventures respectively.

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