In a stunning move that marks the end of an era for one of the entertainment industry’s great corporate success stories, Bob Iger on Tuesday stepped down as chief executive of Walt Disney Co. after 15 years in the job.
He also wanted to free himself up to focus on creative aspects of the business, he said. “I could not do that if I were running the company on a day-to-day business,” Iger said.By naming Chapek to the CEO role immediately, Disney’s board avoids a repeat of what happened four years ago when Iger’s apparent successor, TBut some company insiders and industry analysts were taken aback by the news.
“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. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the company’s creative endeavors.
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Bob Chapek named Walt Disney Co. CEO, replacing Bob IgerThe change is effective immediately, the company said. Iger assumes the role of Executive Chairman and will direct the company’s creative endeavors. Hey latimes you're going to get the scoop right now ready remember when I called in 08 during that achoo crisis moment So they labeled me trader for protecting our family now DoD is about to give me my official separation date I'll see U after my graduation GodBlessAmerica SquirrelWestend Well...there’s a guy who never needs to work another day.
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