LOS ANGELES — Bob Iger is returning to the Walt Disney Company as chief executive officer effective immediately.
Current CEO Bob Chapek has stepped down.
A statement from Susan Arnold, the chairman of the Walt Disney Company board of directors, thanked Chapek for his service including navigating the company through the pandemic.
Iger has agreed to serve as Disney’s CEO for two years with a mandate from the board to set the strategic direction for renewed growth and to work closely with the board in developing a successor.
In a letter to Disney employees Sunday night, Iger said he’s excited to embark on new adventures with the company.
Iger stepped down as executive chairman of the board almost one year ago.
He took over the reigns as CEO from Michael Eisner back in 2005.
During his tenure, Iger oversaw major acquisitions including Marvel Studios, Pixar and Lucasfilm.
The Walt Disney Co. is the parent company of this ABC station.
Copyright © 2022 KGO-TV. All Rights Reserved.
California Press News – Latest News:
Los Angeles Local News || Bay Area Local News || California News || Lifestyle News || National news || Travel News || Health News
Rockwall, Texas - There was a lot of joy “between the lanes” last week as…
In a concerning development from the Forney community, two individuals, James Richard II and Syasandrea…
In a move emphasizing its optimism on renewable energy, Trina Solar, known for intelligent solar…
In the midst of a tumultuous week marred by an alarming surge in shooting incidents…
Surfing Crab, a well-established seafood restaurant renowned for its signature Cajun-style seafood boils and refreshing…
Texas is one of the states that has recently been popular for passing controversial bills,…