Disney Appoints New CEO as Bob Iger Steps Down

“Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team,” says Chapek. “I share his commitment to creative excellence, technological innovation and international expansion, and I will continue to embrace these same strategic pillars going forward. Everything we have achieved thus far serves as a solid foundation for further creative storytelling, bold innovation and thoughtful risk-taking.”

Iger will continue on as executive chairman until his contracts end on Dec. 31, 2021. Disney’s creative endeavors will

“With the successful launch of Disney’s direct-to-consumer businesses and the integration of

21st Century Fox

well underway, I believe this is the optimal time to transition to a new [chief operating officer],” says Iger. “I have the utmost confidence in [Chapek] and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the company’s creative endeavors.”