Disney announces former CEO Bob Iger will return in two years

Former Disney CEO Bob Iger will return to lead the company for two years in a move that has stunned the entertainment industry.

The US entertainment giant said in a statement that Bob Chapek, Iger’s successor in 2020, has resigned.

Disney board chairman Susan Arnold thanked Chapek for his leadership in the “unprecedented challenges of the pandemic.”


Bob Chapek has succeeded Iger in the top job in 2020 (AP)

She said executives believe Iger has a “unique position” to guide the company through “an increasingly complex industry transformation.”

Iger, 71, led Disney for 15 years as it took over the entertainment businesses of Pixar, Lucasfilm, Marvel and Fox, then launched the Disney+ streaming service.

He said in the statement that he was “excited” to be back and “extremely optimistic” about Disney’s future.

Iger added: “I am deeply honored to once again be asked to lead this remarkable team, with a clear mission to focus on creative excellence to inspire generations through bold, unparalleled storytelling.

Hollywood’s creative community grumbled about Chapek’s cost-cutting measures and sometimes blunt approach to talent, while amusement park operators were unsatisfied with the price hike. Earlier this month, Disney announced lower-than-expected fiscal fourth-quarter results.

Chapek faced criticism earlier this year for not using Disney’s vast influence in Florida to repeal a Republican bill that would have prevented teachers from conducting early classes on LGBTQ issues. . The bill sparked a controversy between Disney and Republican governor Ron DeSantis.

He’s also been criticized for his handling of Scarlett Johansson’s lawsuit last year over her pay for Black Widow, an unusually public conflict between the studio and a top Hollywood star.

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Scarlett Johansson (Ian West/PA)

The 2021 Marvel movie is released simultaneously in cinemas and through Disney+ for $30 (£25) rental.

Iger first took over at Disney when the board fired its fifth CEO, Michael Eisner, in 2005.

The former broadcaster weatherman has conquered Wall Street and Hollywood with bold acquisitions and public respect for the company’s long history and creative community. .

https://www.independent.ie/entertainment/movies/disney-announces-former-ceo-bob-iger-will-return-for-two-years-42159992.html Disney announces former CEO Bob Iger will return in two years

Fry Electronics Team

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