The Walt Disney Co. is experiencing a major and very unexpected corporate shake-up, as current CEO Bob Chapek is stepping down from his position and being replaced by his predecessor, Bob Iger.
The news was revealed by Disney's board of directors on Sunday. This change takes effect immediately, as Iger returns to a role he only vacated in 2020.
“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 Chairman of the Board Susan Arnold in a statement.. “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.”
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source https://www.ign.com/articles/bob-iger-disney-ceo-returns-bob-chapek-replacement