Ex-Disney CEO Bob Iger Again on the Helm After Much less Than 2 Years

Ex-Disney CEO Bob Iger Again on the Helm After Much less Than 2 Years
  • Disney is changing its CEO, the corporate introduced on Sunday night time. 
  • Outgoing CEO Bob Chapek is stepping down after lower than a yr. 
  • Bob Iger, the corporate’s CEO from 2005 to 2020, is taking up the reins once more. 

Former Disney CEO Bob Iger is again in cost at Disney, changing outgoing CEO Bob Chapek after two years. 

The corporate’s board introduced the snap change in management in a press launch on Sunday night time, which was seen by Insider. The change is efficient instantly, per The Walt Disney Firm. 

Disney stated within the launch that Iger has agreed to function the corporate’s CEO for 2 years, throughout which he’ll work with the Board to discover a successor.

“The Board has concluded that as Disney embarks on an more and more advanced interval of business transformation, Bob Iger is uniquely located to steer the Firm by this pivotal interval,” stated Susan Arnold, Disney board chairman, within the firm’s press launch. 

Arnold stated Iger has the “deep respect” of Disney’s senior management and is “drastically admired by Disney staff worldwide.” 

“I’m extraordinarily optimistic for the way forward for this nice firm and thrilled to be requested by the Board to return as its CEO,” Iger stated within the firm’s Sunday press launch.

“I’m deeply honored to be requested to once more lead this exceptional crew, with a transparent mission centered on inventive excellence to encourage generations by unequalled, daring storytelling,” he added. 

Iger was chairman and CEO of of The Walt Disney Firm for 15 years, from 2005 to 2020. He was the corporate’s government chairman and chairman of its board till 2021.

In 2020, Iger stated he didn’t need to run Disney anymore. And in 2021, Iger told CNBC he was leaving the corporate partly as a result of he had grow to be “overconfident” and fewer tolerant of different folks’s opinions. 

Chapek was named CEO in 2020

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