BURBANK, Calif. — The Walt Disney Firm introduced late Sunday that former CEO Bob Iger would return to go the corporate for 2 years in a transfer that stunned the leisure business.
Disney mentioned Bob Chapek, who succeeded Iger in 2020, had stepped down from the place.
“The Board has concluded that as Disney embarks on an more and more advanced interval of business transformation, Bob Iger is uniquely located to guide the Firm via this pivotal interval,” board Chair Susan Arnold mentioned in an announcement from Disney.
Arnold thanked Chapek for his service, together with his time throughout “the unprecedented challenges of the pandemic.”
Iger steered Disney via its absorption of Lucasfilm, Pixar, Marvel and Fox’s leisure companies and the launch of Disney Plus.
Earlier this month, Disney posted lower-than-expected outcomes for its fiscal fourth quarter.
Iger led Disney for 15 years earlier than stepping down in 2020.
