Bob Iger steps down as Disney CEO, replaced by Bob Chapek

Disney CEO Bob Iger will be replaced by Disney Parks, Experiences and Products chairman Bob Chapek as CEO, effective immediately. Iger will stay on as executive chairman through the end of 2021, with a focus on creative endeavors.

“I felt with the asset base in place, and with the strategy deployed, I felt that I should be spending as much time as possible on the creative side of the business,” Iger said in a call with investors after the news, adding there’s “ample” projects to focus on. “Getting everything right creatively would be my number one goal.”

Chapek’s current role is described by the company as overseeing “the global hub where Disney’s stories, characters and franchises come to life.” Chapek assumed leadership of the new...

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