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Bob Iger Returns to Disney, Replaces Bob Chapek as CEO
In one of the most shocking industry moves of the year, Bob Iger has found his way back to Burbank as the chief executive for The Walt Disney Company. Late Sunday night, Disney announced Iger’s return, replacing his own successor Bob Chapek for the foreseeable future. It’s being reported Chapek stepped down from the position as the Board approached Iger to return to his role. The executive previously retired in 2021.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” Susan Arnold, Chairman of the Board, said in a statement (via Variety). “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.”
“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide-all of which will allow for a seamless transition of leadership,” she said.
This story is developing…
