Disney’s Bob Iger Steps Down as CEO, Will Remain Executive Chairman Through 2021

By  //  February 26, 2020

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ORLANDO, FLORIDA (FOX NEWS) – The Walt Disney Company announced Tuesday that Bob Iger will be stepping down as its chief executive officer (CEO) effective immediately, but will remain executive chairman of the company through 2021.

Bob Chapek, who served as the chairman of Disney Parks, will assume Iger’s role as CEO.

“With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is an optimal time to transition to a new CEO,” Iger said in a statement. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the company’s creative endeavors.”

Iger first joined ABC in 1974 and later served as president of the network when it was bought by Disney in 1996. He later became chief operating officer (COO) in 2000 and CEO in 2005.

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