Bob Iger Steps Down As Disney CEO

As predicted, Bob Iger has stepped down as Disney CEO immediately, leaving the coveted position to another Bob – Bob Chapek.

The Hollywood Reporter reports that Iger will remain as Executive Chairman and will lead the board until his contract is up December 31, 2021. Chapek, who has been with the company since 1993, and, until today, was Chairman of Disney Parks, Experiences, and Products since 2018, and his contract in the new role will be up in February 2023.

It will be interesting to see what Chapek will do in the new role.