NEW: Bob Iger steps down as Disney CEO effective immediately
Bob Chapek, a 27-year Disney veteran who heads the company’s parks division, has been named CEO of Disney, succeeding Bob Iger. The timing of the news and the selection of Chapek came as a big surprise on Tuesday afternoon to many in the entertainment industry.
Iger will continue as Disney chairman through the end of his contract on Dec. 31, 2021. Disney said Iger would continue to lead the company’s creative endeavors.“With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Iger said.
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