Ex-Disney CEO Bob Iger is back in charge of the company, 2 years after handing over the reins to Bob Chapek

Disney is replacing its CEO, the company announced on Sunday night. 
Outgoing CEO Bob Chapek is stepping down after less than a year. 
Bob Iger, the company’s CEO from 2005 to 2020, is taking over the reins again. 

Former Disney CEO Bob Iger is back in charge at Disney, replacing outgoing CEO Bob Chapek after two years. 

The company’s board announced the snap change in leadership in a press release on Sunday night, which was seen by Insider. The change is effective immediately, per The Walt Disney Company. 

Disney said in the release that Iger has agreed to serve as the company’s CEO for two years, during which he will work with the Board to find a successor.

“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,” said Susan Arnold, Disney board chairman, in the company’s press release. 

Arnold said Iger has the “deep respect” of Disney’s senior leadership and is “greatly admired by Disney employees worldwide.” 

“I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,” Iger said in the company’s Sunday press release.

“I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling,” he added. 

Iger was chairman and CEO of of The Walt Disney Company for 15 years, from 2005 to 2020. He was the company’s executive chairman and chairman of its board until 2021.

In 2020, Iger said he did not want to run Disney anymore. And in 2021, Iger told CNBC he was leaving the company partly because he had become “overconfident” and less tolerant of other people’s opinions. 

Chapek was …read more

Source:: Businessinsider

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