The Walt Disney Company has re-appointed Bob Iger as CEO, effective immediately. He replaces Bob Chapek, who has stepped down from the position after less than three years.
According to Disney, Iger, who spent more than four decades at the company, including 15 years as its CEO, has agreed to serve again as its CEO for two years. He has a mandate from the board to set the strategic direction for renewed growth and to work closely with it in developing a successor to lead the company at the completion of his term.
Susan Arnold, chairman of the board, said: “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.”
She continued: “Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide–all of which will allow for a seamless transition of leadership”.
Iger said: “I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO.
“Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe—most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honoured to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivalled, bold storytelling”.
As previously reported by Broadband TV News, Bob Chapek was appointed CEO of The Walt Disney Company in February 2020 with immediate effect. Bob Iger then assumed the role of executive chairman and led the board until the end of his contract on December 31, 2021.