Bob Iger, chief executive of Disney, has stepped down, the company announced on Tuesday. Disney's new chief executive is Bob Chapek, former chairman of Disney's parks, experiences, and product division. This change is effective immediately.
Iger will continue to serve as chairman of Disney's executive committee by the end of 2021; His departure was announced in April 2019, although he was expected to remain in office until the end of 2021. Iger has been Disney's CEO since 2005, when he took over from Michael Eisner following the demise of Disney executives by Roy E. Disney. Iger's acquisition led Disney's Marvel Entertainment and Lucasfilm, and more recently made Disney a solid player in the streaming wars with the launch of Disney Plus.
"Bob Iger has built Disney into a very successful media and entertainment company, and I was fortunate to get a front row seat as a member of his leadership team," Chapek said. "I share his commitment to excellence, innovation in technology and expanding overseas, and will continue to embrace these emerging pillars.
Chapek will be the seventh-highest official in Disney's history. He had presented the vault strategy at Disney Home Entertainment. As chairman of Disney Parks, he has watched the opening of Shanghai Disneyland, the expansion of the Disney pavilion, and the unveiling of Star Wars: Edge & # 39; s Galaxy.
"I am very proud of everything we have done wisely, financially and financially," Iger said in a phone call to investors following the announcement. "I believe it's the right time to switch to a new CEO."
Iger cites the closing of the 21st Century Fox acquisition and the launch of Disney Plus as reasons for his resignation as outdated CEO. He explained that he wanted to do everything right, so he would go back and give the day-to-day management to the company Chapek, which would release its plan to look “creative”.
Chapek spoke about the competitiveness of the tournament as new technology and experience continue to challenge the industry. He said his consumer-focused approach will help him navigate the specific consumer market.
