. His successor is Bob Chapek, who oversees the company’s theme parks and merchandising as the chairman of Walt Disney Parks, Experiences and Products.
Iger was the president of Capital Cities/ABC when Disney acquired the company in 1995, and from there became the heir apparent to longtime Disney CEO Michael Eisner. When Eisner was forced out in 2005, Iger moved up to the top spot in the company, and during his 15-year tenure as CEO, he oversaw the company’s acquisitions of Pixar, Marvel Entertainment, Lucasfilm Ltd. , and 21st Century Fox.
The news immediately opened up speculation about why he was stepping down. Again, his departure was expected sooner rather than later—he just turned 69 earlier this month—and there’s not much from a performance perspective that would seem to necessitate a quick removal. Under Iger Disney has become a media behemoth of a size that once seemed impossible, and has dominated the theatrical box office for years with its run of Marvel,and animated movies.
So who’s Bob Chapek? He’s the former head of Disney’s retail operations who was appointed atop the theme park division in 2015. The two were later merged, putting Chapek in charge of parks, retail, licensing and merchandising.
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