Bob Iger returns as Disney CEO, Bob Chapek steps down
While Iger will be returning to his old role, the board also made it clear that his new term will be a temporary one.
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While Iger will be returning to his old role, the board also made it clear that his new term will be a temporary one.
The new contract, which begins on July 1, 2022, runs until 2025.
Overall, Disney reported a revenue of $21.82bn and adjusted earnings per share of $1.06 cents for the period.
Chapek has also announced a handful of key appointments at Disney Media & Entertainment Distribution led by Kareem Daniel.
Morrell will also hold the title of senior executive VP, replacing Zenia Mucha, who will be retiring from Disney at the end of the year.
Chapek, 60, who led Disney’s theme parks and consumer products businesses, takes over immediately, the company said.
