Bob Iger Steps Down as CEO of Disney, Bob Chapek Named as Replacement

The Walt Disney Company has named Bob Chapek as CEO, replacing Bob Iger who will assume the role of Executive Chairman. Chapek previously served as Chairman of Disney Parks, Experiences and Products.

Iger will direct Disney's creative endeavors while leading its board through the end of his contract on December 31, 2021. He resigned from Apple's board in September.

“With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Mr. Iger said. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.”





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