Disney’s CEO, Bob Iger, out as CEO, names Bob Chapek

During the closing bell on Tuesday, news broke that long time Disney CEO, Bob Iger, resigned his position effective immediately, and named Bob Chapek as CEO.

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In a statement, Iger said:

“I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.”

Iger was preparing to leave as CEO for quite sometime and felt that now would be the time to do it.  He will remain as chairman of the company until sometime in 2021.

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Dan Uff

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