Bob Chapek will succeed Bob Iger as the chief executive officer at Disney.

License Global

February 25, 2020

1 Min Read
disneyceo.png

Disney has named Bob Chapek as the chief executive officer who will succeed Bob Iger, effective immediately. In his new role, he will oversee all of Disney’s business segments and corporate functions. He will report to Iger, who continue on as executive chairman for the next 22 months, and the Board of Directors. Chapek will be appointed to the Board at a later date.

“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 also still lead be led by him even after his contract ends.

“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.”

Read more about:

Disney

About the Author(s)

License Global

License Global is the leading news source for the brand licensing industry, delivering award-winning editorial content including news, trends, analysis, and special reports about the global consumer product and retail marketplace.

Through its print edition, website, daily e-newsletter and event publications, License Global reaches more than 150,000 executives and professionals in all major markets. The magazine also serves as the official publication for the sector’s trade events, which include Licensing Expo, Brand Licensing Europe, Licensing Expo Japan, Licensing Expo Shanghai and the Licensing Leadership Summit.

Subscribe for updates directly into your inbox.

 

 

 

Subscribe and receive the latest news from the industry Article
Join 62,000+ members. Yes, it's completely free.

You May Also Like