Bob Iger will return to The Walt Disney Company as CEO effective immediately, the company announced Sunday evening.
“We thank Bob Chapek for his services to Disney throughout his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, chairman of the board of directors, in a press release. “The board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely positioned to lead the company through this critical period.”
According to the press release, Iger has agreed to serve as CEO for two years. He previously served as CEO from 2005 to 2020.
Chapek has resigned from his position, the company said.
“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as Executive Chairman 11 months ago, and is greatly admired by Disney employees around the world – all of which will be a seamless enable collaboration.” transition of leadership,” said Arnold.
Arnold will remain chairman of the board, the company said.
“I am extremely optimistic about the future of this great company and I am thrilled that the board of directors is asking me to return as CEO,” Iger said in the press release. “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the world – especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honored to be asked to once again lead this remarkable team, with a clear mission of creative excellence to inspire generations through unparalleled, bold storytelling.”
The Walt Disney Company is the parent company of TBEN News.