BOB IGER RESIGNS AS DISNEY CEO, BOB CHAPEK TO REPLACE HIM

Bob Iger and Bob Chapek
Photo: Disney
Bob Iger is stepping down as the chairman of The Walt Disney Company. Bob Chapek has been named Chief Executive Officer. The positions are effective immediately.

Robert A. Iger assumes the role of Executive Chairman and will direct the Company’s creative endeavors, while leading the Board and providing the full benefit of his experience, leadership, and guidance to ensure a smooth and successful transition through the end of his contract on Dec. 31, 2021.

In Mr. Chapek’s new role as CEO, he will directly oversee all of the Company’s business segments and corporate functions. Mr. Chapek will report to the Executive Chairman, Mr. Iger, and the Board of Directors. He will be appointed to the Board at a later date. A new head of Disney Parks, Experiences and Products will be named at a future time.

Mr. Chapek served as Chairman of Disney Parks, Experiences and Products since the segment’s creation in 2018, and prior to that was Chairman of Walt Disney Parks and Resorts since 2015.

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