Bob Iger steps down as Disney CEO
Iger has assumed the role of executive chairman and will direct the company’s creative endeavors, the company said. Iger will stay on at Disney through the end of this contract on December 31, 2021.
“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 in statement.
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.”