Bob Iger returning to Disney as CEO for two years

Bob Iger returning to Disney as CEO for two years

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

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

Whereas Chapek steered Disney via the COVID-19 pandemic, Disney dissatisfied buyers 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 business transformation, Bob Iger is uniquely located to guide the Firm via this pivotal interval,” Susan Arnold, chair of Disney’s board, mentioned in an announcement.

Bob Chapek attends Paley Worldwide Council Summit at Paley Museum on November 08, 2022 in New York Metropolis.Getty Photographs/Steven Ferdman

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