Disney’s chief executive Bob Iger has stepped down from his post in a surprise announcement, leaving Bob Chapek, the chairman of Disney Parks, Experiences and Products, in charge.
Iger, who steered the company through successful purchases of Star Wars, Marvel and Fox’s entertainment businesses, will remain as executive chairman through 2021, focusing on the creative strategy of the company.
Iger, who has been at the helm since 2005, said it was an “optimal time” for him to step down following Disney’s acquisition of Fox’s entertainment assets and the launch of Disney Plus streaming service in November.
Chapek was head of the parks, experiences and products division since it was created in 2018. The segment includes Disney’s travel and leisure businesses, encompassing six resort destinations in the United States, Europe and Asia, a cruise line, a vacation ownership program, and an guided family adventure business.
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 endeavours.
“Bob will be the seventh CEO in Disney’s nearly 100-year history, and he has proven himself exceptionally qualified to lead the Company into its next century. Throughout his career, Bob has led with integrity and conviction, always respecting Disney’s rich legacy while at the same time taking smart, innovative risks for the future.
“His success over the past 27 years reflects his visionary leadership and the strong business growth and stellar results he has consistently achieved in his roles at Parks, Consumer Products and the Studio.”
Image: Disney
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