After less than a year in retirement, Bob Iger returns as the chief executive officer of the Walt Disney Company. The company’s board announced that Bob Chapek, the present CEO has stepped down from the position and Bob Iger is back as the CEO.
The Board Chair Susan Arnold, in his statement, said that “The Board has concluded that as embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,”
Iger will return now on a contract of two years. Earlier, Iger was Disney’s CEO from 2005-2020. And then he served as the company’s Chairman before retiring.
Iger in his statement said that “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe — most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration, I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.”