Bob Iger is returning to The Walt Disney Firm as its chief govt officer, efficient instantly, the corporate introduced Sunday evening.
“We thank Bob Chapek for his service to Disney over his lengthy profession, together with navigating the corporate by the unprecedented challenges of the pandemic,” Susan Arnold, chairman of the board, mentioned in a press launch. “The board has concluded that as Disney embarks on an more and more complicated interval of business transformation, Bob Iger is uniquely located to steer the corporate by this pivotal interval.”
Iger has agreed to function CEO for 2 years, in accordance with the press launch. He beforehand served as CEO from 2005 to 2020.
Chapek has stepped down from his place, the corporate mentioned.
“Mr. Iger has the deep respect of Disney’s senior management crew, most of whom he labored carefully with till his departure as govt chairman 11 months in the past, and he’s significantly admired by Disney staff worldwide — all of which can permit for a seamless transition of management,” Arnold mentioned.
Arnold will proceed to function chairman of the board, the corporate mentioned.
“I’m extraordinarily optimistic for the way forward for this nice firm and thrilled to be requested by the Board to return as its CEO,” Iger mentioned within the press launch. “Disney and its incomparable manufacturers and franchises maintain a particular place within the hearts of so many individuals across the globe — most particularly within the hearts of our staff, whose dedication to this firm and its mission is an inspiration. I’m deeply honored to be requested to once more lead this outstanding crew, with a transparent mission targeted on artistic excellence to encourage generations by unmatched, daring storytelling.”
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