Bob Iger returns as Disney CEO, Bob Chapek steps down
While Iger will be returning to his old role, the board also made it clear that his new term will be a temporary one.
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While Iger will be returning to his old role, the board also made it clear that his new term will be a temporary one.
The new contract, which begins on July 1, 2022, runs until 2025.
Arnold has been a member of Disney’s board for 14 years and has served as its independent lead director since 2018.
Chapek, 60, who led Disney’s theme parks and consumer products businesses, takes over immediately, the company said.
Disney also revealed the paid subscriber numbers for ESPN+ and Hulu as 7.6m and 30.7m, respectively as of February 3.
