In a shocking turn of events, Disney company reinstated Bob Iger as CEO on Sunday night after less than a year in retirement, replacing Bob Chapek.
The board of directors announced Iger’s unexpected comeback and confirmed that his successor, Bob Chapek, had stepped down from his position.
“The Walt Disney Company announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately,” the company said in a statement.
Iger, who had previously served as CEO for 15 years until retiring last year, has agreed to serve for 2 more years to save the company after disappointing quarterly results.
The board of directors announced Iger’s unexpected comeback and confirmed that his successor, Bob Chapek, had stepped down from his position.
“The Walt Disney Company announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately,” the company said in a statement.
Iger, who had previously served as CEO for 15 years until retiring last year, has agreed to serve for 2 more years to save the company after disappointing quarterly results.