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Disney taps ex-CEO Bob Iger to return, set strategy

By- Avnish kushwaha

Image Credit -Google

The Walt Disney Company has tapped its former CEO Bob Iger to return to head the company for two years

By- Avnish kushwaha

Image Credit -Google

Chapek is leaving after the company posted lower than expected earnings in the last quarter.

By- Avnish kushwaha

Image Credit -Google

Bob Iger is uniquely situated to lead the company through this pivotal period," Susan Arnold, Disney's chairman, said in a statement

By- Avnish kushwaha

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Arnold thanked Chapek for leading the company through the pandemic, while enthusing over Iger's stature within the company

By- Avnish kushwaha

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Iger has the “deep respect of Disney's senior leadership team," she said. She added that he was “greatly admired by Disney employees worldwide

By- Avnish kushwaha

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“The company's robust pipeline of content is a testament to his leadership and vision," the company's statement said

By- Avnish kushwaha

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Iger said in the statement that he was “thrilled” to return and “extremely optimistic” about Disney’s future

By- Avnish kushwaha

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During his 15 years at the helm, Disney absorbed Pixar, Lucasfilm, Marvel and Fox’s entertainment businesses, then launched its Disney+ streaming service

By- Avnish kushwaha

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After Chapek became CEO in 2020, Iger remained as chairman through 2021

By- Jm Kushwaha