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Disney’s CEO Steps Down

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By Glam & Essence

The Chief Executive Officer of the Walt Disney Company,Bob lger has stepped down with immediate effective. A new man, Bob Chapek takes over as the new CEO.
The board of directors of Disney announced this on Tuesday, as it named the company’s head of parks and resorts, Bob Chapek, CEO effective immediately. Bob Iger will stay on as executive chairman, overseeing the company’s creative endeavours through the end of next year, until his contract expires on December 31, 2021.
In astatement released by Igee,he said,“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.”
Disney Company’s new CEO, Bob Chapek, most recently served as chairman of Disney Parks, Experiences and Products.
Iger said he has the “utmost confidence” in Chapek and looks forward to “working closely with him over the next 22 months as he assumes this new role.”
Chapek on the other hand said, “I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world. Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team.”
Iger said it was the right time to step down because he needs to spend more time on the “creative side” of the company.

Glam & Essence Magazine