Disney CEO Bob Iger Steps Down, Replaced By another Bob

Published On February 26, 2020 » 126 Views» By Z-rowe »

Bob Iger officially stepped down as CEO of Disney this week. The move was a bit of a surprise, but not a total shock. He had been talking about retirement for over a year now.

Starting today, the new CEO of Disney is Bob Chapek. He’s been with the company for over 26 years and was the head of the company’s parks division.

Iger will continue as Disney chairman through the end of his contract on Dec. 31, 2021. Disney said Iger would continue to lead the company’s creative endeavors. Chapek takes the helm as CEO as of today. Chapek’s contract runs through Feb. 28, 2023. He will join the board of directors at a later date, Disney said.

Iger explained that he feels like now is the perfect time to make this transition. He said the launch of Disney’s streaming service was a success and they’ve made the integration of Twenty-First Century Fox, so there’s not much else for him to do.

As you can imagine, Chapek is feeling pretty great about being the new boss…

I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world, and to lead our exceptionally talented and dedicated cast members and employees.

We’ll see if this new Bob can continue where the old Bob left off.




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