Bob Iger Returns as CEO of The Walt Disney Company, Board of Directors Announces

LOS ANGELES– Bob Iger returns to The Walt Disney Company as Chief Executive Officer effective immediately.

Current CEO Bob Chapek has resigned.

A statement from Susan Arnold, chair of the board of directors of The Walt Disney Company, thanked Chapek for her services, including navigating the company through the pandemic.

Iger agreed to serve as Disney 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 to develop a successor. .

In a letter to Disney employees Sunday night, Iger said he was excited to embark on new adventures with the company.

Iger stepped down as executive chairman of the board nearly a year ago.

He took over the reins as CEO from Michael Eisner in 2005.

During his tenure, Iger oversaw major acquisitions including Marvel Studios, Pixar and Lucasfilm.

The Walt Disney Co. is the parent company of this ABC station.

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