A global pandemic and the challenge of figuring out the future of entertainment greeted Bob Chapek on Wednesday as he took over as Chief Executive Officer of Walt Disney Co .
Former colleagues said Chapek is well-cast in his new role, at least until former CEO Bob Iger's contract ends on Dec. 31, 2021. Until then, Iger will be executive chairman and direct the company's"creative endeavors."Over his 27 years at Disney, Chapek ran the Theme Parks and Consumer Products divisions, and was head of distribution at Studio Entertainment.
"Chapek is a decent option for complementing the things that Iger doesn't want to do," said a former colleague."Disney keeps him doing the stuff he does want to do and lets Chapek worry about the trains running on time." Less certain is Chapek's ability to take bold steps in new directions, such as Iger's US$71 billion gamble that by buying 21st Century Fox, Disney could build a subscription video streaming service to compete against Netflix .
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