Bob Iger returning to Disney as CEO for two years

Bob Iger will change Bob Chapek, who took over as Disney CEO in February 2020.
Getty Photographs/ Charley Gallay

LOS ANGELES — Former Walt Disney Co. Chief Govt Bob Iger is returning to the media firm as CEO, the corporate’s board mentioned in a press release on Sunday.

Iger, who retired from Disney on the finish of final 12 months after 15 years as chief govt, has agreed to function CEO for 2 extra years, the assertion mentioned. He'll change Bob Chapek, who took over as Disney CEO in February 2020.

Whereas Chapek steered Disney via the COVID-19 pandemic, Disney dissatisfied traders this month with an earnings report that confirmed continued losses at its streaming media unit.

“The Board has concluded that as Disney embarks on an more and more advanced interval of trade transformation, Bob Iger is uniquely located to steer the Firm via this pivotal interval,” Susan Arnold, chair of Disney’s board, mentioned in a press release.

Bob Chapek attends Paley Worldwide Council Summit at Paley Museum on Nov. 8, 2022 in New York Metropolis.

Getty Photographs/Steven Ferdman

Iger has agreed to function CEO for 2 extra years.

Getty Photographs/ Gerardo Mora