Bob Iger returns as CEO of The Walt Disney Company. He led the corporation since 2005, but in 2020 Iger was replaced by Bob Chapek, under which the company began to suffer losses and its shares began to fall in price.
The Walt Disney Company’s board of directors has named Robert Allen Iger as chief executive officer, the corporation said in a statement.
“The Board has come to the conclusion that as Disney enters an increasingly challenging period of industry transformation, Bob Iger is uniquely positioned to lead the company through this crucial period,” said Susan Arnold, President of The Walt Disney Company.
Bob Iger led the corporation from 2005 to 2020. During his tenure as Disney’s CEO, the studio closed deals to buy Lucasfilm, Marvel, Pixar and 21st Century Fox.
In 2020, Iger was succeeded by Bob Chapek, who led the amusement park’s development. Under Czapek’s leadership, Disney suffered a $1.47 billion loss on its streaming business and the company’s shares lost 41%.
Author:
Kirill Bilyk
Source: RB
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