Shocking information out of Disney: After lastly retiring from the corporate on the finish of 2021, Bob Iger — who beforehand served as Disney CEO from 2005 to 2020 — has been introduced again to guide the corporate, changing his personal successor, Bob Chapek.
According to the press launch from Disney, Iger is again at his job “effective immediately.” (The launch states solely that Chapek “has stepped down from his position.” He had signed a contract extension that was supposed to maintain him in his place as Disney CEO for 3 extra years earlier this summer time.)
The launch from Disney Chairman of the Board Susan Arnold states…
We thank Bob Chapek for his service to Disney over his lengthy profession, together with navigating the corporate by way of the unprecedented challenges of the pandemic … 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 Company by way of this pivotal interval.
Iger introduced his retirement in early 2020, and named Chapek, who was then the pinnacle of Disney’s theme park division, as his successor. Not lengthy after Chapek took over, although, the pandemic struck, shuttering a lot of Disney’s parks for months and months. Chapek’s tenure as Disney CEO has been marked by a number of challenges and controversies, together with the corporate’s dealing with of Florida’s so-called “Don’t Say Gay” invoice, and the battle over the discharge of Marvel’s Black Widow direct to Disney+, which prompted a lawsuit from its star, Scarlett Johansson. (The swimsuit was ultimately settled.)
Iger’s personal assertion on his return to Disney learn:
I’m extraordinarily optimistic for the way forward for this nice firm and thrilled to be requested by the Board to return as its CEO … Disney and its incomparable manufacturers and franchises maintain a particular place within the hearts of so many individuals across the globe—most particularly within the hearts of our workers, whose dedication to this firm and its mission is an inspiration.
Iger’s return to the corporate is no less than deliberate as one with a definite finish level; the announcement says he has agreed to serve as 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 to lead the Company at the completion of his term.” Of course, he retired as soon as, and now right here he’s again on the helm of Disney.
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