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Bob Iger Returning as Disney CEO as Bob Chapek Exits Company | THR News
Hollywood Journal
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4 minutes ago
In a stunning turn of events, The Walt Disney Co. says that Bob Chapek will step down as CEO, with Bob Iger returning to lead the company.
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00:00
Bob Iger is returning as CEO of the Walt Disney Company.
00:04
In a shocking turn of events, Bob Chapek will step down as CEO,
00:08
with Iger coming back to lead the company after he stepped aside as CEO in February 2020.
00:13
Susan Arnold, chairman of Disney's board of directors, said in a statement,
00:17
We thank Bob Chapek for his service to Disney over his long career,
00:21
including navigating the company through the unprecedented challenges of the pandemic.
00:25
She continued,
00:26
The board has concluded that as Disney embarks on an increasingly complex period of industry transformation,
00:32
Bob Iger is uniquely situated to lead the company through this pivotal period.
00:36
Iger wrote in an email to Disney employees that he is returning,
00:39
with an incredible sense of gratitude and humility.
00:42
While Iger will be returning to his old role,
00:44
the board has also made it clear that his new term will be a temporary one,
00:48
saying Iger,
00:48
has agreed to serve as Disney's CEO for two more years,
00:52
with a mandate from the board to set the strategic direction for renewed growth
00:56
and to work closely with the board in developing a successor to lead the company at the completion of his term.
01:02
For much more on this story and the latest news, go to THR.com.
01:06
This is The Hollywood Reporter News.
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