Bob Iger returns to Disney, replaces Bob Chapek as CEO

In one of the most shocking moves of the year, Bob Iger has made his way back to Burbank as CEO of The Walt Disney Company. Late Sunday night, Disney announced Iger’s return, replacing his own successor Bob Chapek in the near future. It is reported that Chapek resigned when the board approached Iger about returning to his position. The executive branch retired early in 2020.

“We thank Bob Chapek for his services to Disney throughout his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, chairman of the board of directors, in a statement released late Sunday night by the company. was distributed. “The board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely positioned to lead the company through this critical period.”

“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 is greatly admired by Disney employees around the world – all of which will make for a seamless transition. will make possible.” of leadership,” she said.

Iger’s first stint as CEO lasted from 2005 to 2020, a reign that saw him oversee the acquisitions of Lucasfilm, Marvel and Pixar. Iger also orchestrated the industry-shifting merger of Disney and 21st Century Fox. He also oversaw the launch of Disney+.

“I am extremely optimistic about the future of this great company and am delighted that the Board of Directors has asked me to return as CEO,” Iger added in the press release. “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the world – 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 once again lead this remarkable team, with a clear mission of creative excellence to inspire generations through unparalleled, bold storytelling.”

Prior to serving as CEO, Iger served as the company’s President and Chief Operating Office. He first cut his teeth at the Mouse in an ABC Group executive role.

Iger also served as chair of the board until 2021 when Arnold took over, a position she will continue to hold under Iger’s second reign.

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