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Bob Iger to step down as Disney chief

Published : Wednesday, 26 February, 2020 at 10:20 AM  Count : 400

Bob Iger, chairman and chief executive of the Walt Disney Company, at the opening ceremony of the "Cars Land" at Disney California Adventure in Anaheim, Calif., June 15, 2012. Photo: The New York Times

Bob Iger, chairman and chief executive of the Walt Disney Company, at the opening ceremony of the "Cars Land" at Disney California Adventure in Anaheim, Calif., June 15, 2012. Photo: The New York Times


Robert A Iger will step down as chief executive of The Walt Disney Co after 15 years at the helm of the company, Disney said on Tuesday.

He will be replaced by Bob Chapek, who has most recently served as chairman of Disney’s parks business.

Iger, 69, will take on the role of executive chairman — and direct Disney’s creative endeavours — to ensure a smooth transition through the end of his contract on Dec 31, 2021.

“With the successful launch of Disney’s direct-to-consumer businesses and the integration of 21st Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Iger said in a statement.

Disney shares dropped 3% in after-hours trading.





 

The New York Times/MUS

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