The company said Chapek stepped down from his position and that Iger, who retired from Disney at the end of 2021, will serve as CEO for two years in an announcement Sunday night.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of the Board.“The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,” she added.
Though the company’s board said he resigned, sources said Chapek was likely blindsided by his reported ouster. As of late last week, he was unsure what would happen within Disney’s top leadership, they said.
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