SAN FRANCISCO - Walt Disney said on Tuesday that chief Bob Iger was handing off the top executive post after building the media-entertainment powerhouse into the undisputed Hollywood leader.
Iger, who has been CEO for more than 15 years, will assume the role of executive chairman and"will direct the company's creative endeavours," a Disney statement said. "With the successful launch of Disney's direct-to-consumer businesses and the integration of 21st Century Fox well underway, I believe this is the optimal time to transition to a new CEO," Iger said in a statement.
Disney is intent on bulking up its original streaming content, taking advantage of beloved franchises such as Star Wars and the Marvel superhero movies."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," Chapek said.
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