Disney Parks chairman Bob Chapek has taken over as the Chief Executive Officer of The Walt Disney Company, effective immediately. Chapek replaces Bob Iger, who becomes Disney's Executive Chairman through the end of his contract with the company on December 31, 2021.
"With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO," Iger said in a statement released by Disney. "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."
Chapek has overseen Disney's theme park division since 2015, having previously overseen the former Disney Consumer Products segment, which was folded into the Parks segment in 2018. He previously served as President of Distribution for The Walt Disney Studios and as President of Walt Disney Studios Home Entertainment. He holds a Bachelor's degree from Indiana University and an MBA from Michigan State.
Disney will name a replacement for Chapek as head of Disney Parks, Experiences and Products at a later date. Chapek becomes the seventh CEO in Disney history, following Iger, Michael Eisner, Ron Miller, Card Walker, Donn Tatum, and founding CEO Roy O. Disney.Tweet
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