The Walt Disney Company announced late Sunday that former CEO Bob Iger would lead the company for two years in a move that surprised the entertainment industry.
Disney said Bob Chapek, who replaced Iger in 2020, had stepped down.
Board Chair Susan Arnold said in a statement from Disney, “The board has concluded that Disney has embarked on a deeply complex period of industry transformation, and Bob Iger is uniquely placed to lead the company through this critical period.” situated at.”
Arnold thanked Chapek for his service, including his time during the “unprecedented challenges of the pandemic”.
Iger steered Disney through the absorption of the entertainment businesses of Lucasfilm, Pixar, Marvel and Fox, and the launch of Disney Plus.
Earlier this month, Disney posted lower than expected results for its fiscal fourth quarter.
Iger led Disney 15 years ago,