Disney said today that Bob Iger is returning to head the company as Bob Chapek is stepping down from the CEO post. Iger, who officially left the company last year, is set to take the command immediately. The company said that he will serve as the CEO for two years.
Iger served as Disney’s CEO from 2005 to 2020 for 15 years before deciding to step down and hand over the reins to Chapek.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic. 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,” Chairman of the Board Susan Arnold said in a letter.
This is a developing story….