Bob Iger has returned as chief executive of the Walt Disney Company after less than a year in retirement.
The company’s board announced Iger’s stunning return Sunday night and said Bob Chapek, who succeeded Iger in 2020, had stepped down from the position.
“The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,” board Chair Susan Arnold said in a statement.
Iger was Disney’s CEO from 2005 to 2020, then served as the company’s executive chairman through 2021 before retiring. Iger will now return as CEO for two years.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” Arnold said.
“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 he is greatly admired by Disney employees worldwide – all of which will allow for a seamless transition of leadership,” she continued.
Iger said in a statement that he is “optimistic” about Disney’s future and that he is “thrilled” to return as CEO.
Read the full story here.
Scroll down to leave a comment and share your thoughts.