It was announced Sunday night that Bob Iger would be returning as CEO of the Walt Disney Company, replacing his successor Bob Chapek and it is now being reported that Iger was about to take on a completely different job before making his surprise return to Disney. According to Variety, Iger was in advanced talks with RedBird Capital for a role in which Iger would have overseen a sports and media profile. RedBird is involved with companies such as LeBron James’ Springhill Entertainment, David Ellison’s Skydance, and Ben Affleck and Matt Damon’s new film studio, among others.
According to the report, news that Iger would be returning to Disney began circulating business circles as early as Thursday, with a source telling the outlet that Iger would “rather be a CEO than an entrepreneur.” Iger was also previously announced as a partner and senior advisor to venture capital group Thrive Capital.
Bob Iger returns to Disney, replacing Bob Chapek
Late Sunday night, Disney announced Iger’s return to the company, replacing Chapek. Iger had retired earlier 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 be a seamless enable transition.” of leadership,” she said.
Iger later sent a company-wide email to Disney employees about his return. You can read the entire email here.
“It is with an incredible sense of gratitude and humility — and, I must admit, a little surprise — that I write to you tonight with the news that I am returning to The Walt Disney Company as Chief Executive Officer,” Iger wrote. in his memo to Disney Cast Members.
He then went on to praise the company’s work during the pandemic, praising them for keeping the company afloat.
“I know this business has asked so much of you over the past three years, and these times certainly continue to be quite challenging, but as you’ve heard me say before, I’m an optimist, and if there’s one thing I’ve learned from my years at Disney, it is that even in the face of uncertainty – perhaps especially in the face of uncertainty – our employees and Cast Members are achieving the impossible,” the executive added.
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