Bob Iger Stepping Down As Disney CEO Effective Immediately; Will Be Replaced By Bob Chapek

Bob Iger Stepping Down As Disney CEO Effective Immediately; Will Be Replaced By Bob Chapek

It's the end of a very lucrative era over at The Walt Disney Company, as Bob Iger has decided to step down as CEO - effective immediately. He will, however, assume the role of executive chairman...

By MarkCassidy - Feb 25, 2020 02:02 PM EST
Filed Under: Disney
Multiple reports are coming in that Bob Iger has decided to step down as CEO of Disney. He'll be replaced by Bob Chapek, but will remain on as executive chairman until his contract's end on Dec. 31, 2021.

Iger has been CEO of Disney since 2005, and has presided over a period of dramatic expansion for the company. He oversaw the acquisitions of Pixar, Marvel, Lucasfilm and Fox, and In 2019 alone the company had seven blockbusters hit the $1 billion mark at the worldwide box office under his watch.

“With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO," said Iger in a statement. " I have the utmost confidence in Bob 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."

Chapek has been with the company since 1993, and has been chairman of Disney Parks, Experiences and Products since 2018. During today's conference call with Wall Street analysts, Iger revealed that the Disney board had "identified Chapek as his potential successor quite some time ago."

“I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world, and to lead our exceptionally talented and dedicated cast members and employees,” Chapek said. “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.”

It remains to be seen what, if any, impact this change will have on Disney's future creative decisions. Whatever happens, and regardless of whether you happen to love or hate Disney, there's no denying that Iger steered the company to unprecedented success.
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JonC
JonC - 2/25/2020, 2:15 PM
Thumbs up that it will all be good as a result of this.
JustALurker
JustALurker - 2/25/2020, 3:33 PM
@JonC - the exucitives and producers remain the same and Bob will be overseeing everything for the comimg 2 years. I doubt anything will change.
dracula
dracula - 2/25/2020, 4:26 PM
@JonC - bob replacing bob, next head
MahN166A
MahN166A - 2/26/2020, 9:09 AM
@dracula -

Victorg1983
Victorg1983 - 2/26/2020, 11:01 AM
@SatsuiNoJXA - IDK i really did not get Jacks comments when Heath died about how playing the joker messed with his mind ... i dont recall jack doing anything way out there like Heath did in TDK
MahN166A
MahN166A - 2/27/2020, 10:19 PM
@Victorg1983 - I take that situation as Jack handling one version of the Joker and Heath handling another.

Different types.

Jack handled a more zany and comical over the too psychopath while Heath handled a more grounded, calculating and troubled one.
MahN166A
MahN166A - 2/27/2020, 10:19 PM
@SatsuiNoJXA -

Top*
JonC
JonC - 2/25/2020, 2:15 PM
Without Iger on Disney's behalf buying Marvel and Star Wars and Pixar... its hard to say what kind of a future any of them would have had.
kazuma
kazuma - 2/25/2020, 2:20 PM
@JonC - Marvel still would've been okay. Don't forget that Disney acquired Marvel after The First Avenger released. 4 movies into the MCU (if you count Hulk).
Marvel probably wouldn't have been what it is today, but they would still be huge.
Reeds2Much
Reeds2Much - 2/25/2020, 2:24 PM
@kazuma - Don't forget that Disney acquired Marvel after The First Avenger released

Disney acquired Marvel in 2009. First Avenger released 2011.
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