Disney CEO Bob Iger stairs down

Disney CEO Bob Iger, who directed a association by successful purchases of Star Wars, Marvel and Fox’s party businesses, is stepping down immediately, a association pronounced in a warn proclamation Tuesday.

The Walt Disney Co. named Bob Chapek as his replacement. Chapek was many recently authority of Disney Parks, Experiences and Products.

Iger will sojourn executive authority by a finish of his agreement Dec. 31, 2021.

Iger pronounced it was an “optimal time” for him to step down following Disney’s merger of Fox’s party resources and a launch of Disney Plus streaming use in November.

“Did not see this entrance — Wowza,” tweeted LightShed media researcher Rich Greenfield.

Chapek is usually a seventh CEO in Disney history.

2nd tip paid CEO

Iger became CEO of Disney in 2005, next longtime arch Michael Eisner. He directed Disney by successful acquisitions of Lucasfilms, Marvel, Pixar and other brands that became large moneymakers for Disney.

He was a No. 2 tip paid CEO in 2018, as distributed by The Associated Press and Equilar, an executive information firm. He warranted $65.6 million. The tip earner was Discovery’s David Zaslav who warranted $129.5 million.

Susan Arnold, a eccentric lead executive of a Disney house pronounced period formulation had been ongoing for several years.

Chapek was conduct of a parks, practice and products multiplication given it was combined in 2018. Before that he was authority of Walt Disney Parks and Resorts given 2015. Before that, he was boss of a Disney Consumer Products shred from 2011 to 2015.

Article source: https://www.cbc.ca/news/business/disney-ceo-bob-iger-steps-down-1.5475812?cmp=rss