Bob Iger Steps Down As CEO of Walt Disney Company, Replaced By Bob Chapek

Bob Iger Steps Down As CEO of Walt Disney Company, Replaced By Bob Chapek
In a surprise announcement, the Walt Disney Company revealed this afternoon Bob Iger will step down immediately as CEO. He will be succeeded by Bob Chapek who previously was the Chairman of Disney Parks, Experiences and Products. Iger, who has been CEO for 15 years, had publicly discussed his desire to step down over the next few years, but this is a much earlier transition than expected.

Read More: Disney drops “Fox” from 20th Century and Searchlight Pictures

According to a release from Disney, Iger will assume the role of Executive Chairman and will direct the company’s “creative endeavors” while leading the Board of Directors through the end of his contract on Dec.

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