BREAKING NEWS: Ex-Disney boss Bob Iger makes shock RETURN as entertainment giant’s CEO, as his successor Bob Chapek quits after firm’s share price cratered following row with Ron DeSantis over ‘Don’t Say Gay’ bill
Bob Iger has returned as the CEO of The Walt Disney Company.
The entertainment giant’s former boss Bob Chapek quit the role after coming under fire for his management as Disney share prices plummeted.
Iger has worked for Disney for more than four decades – including 15 years as its CEO before he sensationally left just 11 months ago.
Susan Arnold, Chairman of the Board, said in a statement: ‘We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic.
‘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.
‘Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide–all of which will allow for a seamless transition of leadership.’
She added that Iger’s career at the entertainment giant from 2005 helped build Disney into ‘one of the world’s most successful and admired media and entertainment companies with a strategic vision focused on creative excellence, technological innovation and international growth.’
Chapek previously landed himself in hot water last spring when he took no public stance on Ron DeSantis’ Don’t Say Gay bill, which barred schools from discussing sexuality or gender with children between kindergarten and third grade.
According to an internal memo circulated at the time, Chapek felt the company could better advocate for inclusivity through its content and by working with legislators behind the scenes.
The memo’s revelations were met with outrage by Disney staff, who called Chapek’s decision weak and disappointing. Chapek later apologized in March, publicly decried the bill, announced Disney had paused all its political donations within Florida.
Chapek explained he wanted Disney to be brand that could ‘rise above’ the political fray, and serve as a beacon of optimism and harmony in the world.
Bob Iger is now the CEO of Disney