BEVERLY HILLS, CALIFORNIA - SEPTEMBER 07: The Walt Disney Company Former CEO and Chairman Robert Iger attends Vox Media's 2022 Code Conference - Day 2 on September 07, 2022 in Beverly Hills, California. (Photo by Randy Shropshire/Getty Images for Vox Media)
Movies - TV
Bob Iger Is Returning As Disney CEO
Bob Iger, the former Chief Executive Officer of Disney who helped the company become an all-encompassing media empire, is returning as CEO effective immediately. The news first started circulating online thanks to internal communications at Disney, but has since been confirmed by the company in a press release late on November 20, 2022.
Per Disney, Iger will "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 to lead the Company at the completion of his term." Under Iger, Disney acquired Fox, Pixar, Lucasfilm, Marvel, and The Muppets, and launched Disney+.
Current Chief Executive Officer Bob Chapek, who took over following Iger's departure, is now stepping down; between the pandemic, declines at the box office, and recent stock drops, Chapek's reign at Disney, during his relatively short tenure that began in February 2020, has been brutal. It remains to be seen what Chapek's future with Disney will look like.