Robert Iger replaced Bob Chapek as CEO of Disney.
Bob Iger is immediately returning to lead Disney as Chief Executive Officer. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company after his term. Disney said in a statement that Bob Chapek, who succeeded Iger in 2020, had stepped down from the position.
Statement from Disney:
Disney said in a statement that Bob Chapek, who succeeded Iger in 2020, had stepped down from the position. Disney board chair Susan Arnold thanked Chapek for his leadership during “the unprecedented challenges of the pandemic.”
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented pandemic challenges.” Susan Arnold, chairman of the Disney board, said. “The board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the company through this pivotal period.”
