The Walt Disney Co. said today that Bob Iger is returning to head the company as Bob Chapek is stepping down from the CEO post. Iger, who officially left the company last year, is set to take the command immediately. The company said that he will serve as the CEO for two years.
\n\u201cWe 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,\u201d \u00a0Chairman of the Board Susan Arnold said in a letter.
\n\u201cMr. 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\u2013all of which will allow for a seamless transition of leadership.\u201d
\nThe company said that there is no change in the board and Arnold will continue to serve as a chairman.
\nIger served as Disney’s CEO from 2005 to 2020 for 15 years before deciding to step down and hand over the reins to Chapek. Notably, Chapek signed a three-year extension contract with the company in June.
\nOn his return, Iger said that optimistic about Disney’s future and was thrilled to return to the company.
\n\u201cDisney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe\u2014most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. 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,\u201d he said in a statement.
\nIn his previous stint, Iger oversaw major acquisitions like Pixar, Marvel, and 21st Century Fox. The returning CEO also sent an email to the Disney Staff including cast members saying they’ll hear more about this move from the leadership \u201ctomorrow and in coming weeks.\u201d<\/p>\n
Email from Bob Iger to Disney staff, 7:19 p.m. pic.twitter.com\/IiTQvBYYZp
\n\u2014 The Ankler (@TheAnkler) November 21, 2022<\/p>\n