New CEO of The Walt Disney Company Named

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Well, family we have some big news.

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The speculation of who will be filling the incredibly large shoes of Bob Iger once his tenure as CEO of The Walt Disney Company comes to an end has been answered with a difinitive announcement from Disney.

Effective Immediately, Bob Chapek will assume the role of CEO for the multi-billion dollar company.

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Chapek has served as Chairman of Disney Parks, Experiences and Products since 2018. Prior to that was Chairman of Walt Disney Parks and Resorts since 2015. As Chairman of Disney Parks, Experiences and Products, Chapek oversaw the company’s largest business segment, with operations around the globe and more than 170,000 employees.

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Bob (Robert) A. Iger willl assume the role of Executive Chairman for the company and will direct the Company’s creative endeavors, while leading the Board and providing the full benefit of his experience, leadership and guidance to ensure a smooth and successful transition through the end of his contract on Dec. 31, 2021.

Said Bob Iger of the transition, “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,”

He went on to say, “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 will become the seventh CEO for The Walt Disney Company in its 100 year history.

“I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world, and to lead our exceptionally talented and dedicated cast members and employees,” Mr. Chapek said. “Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team. I share his commitment to creative excellence, technological innovation and international expansion, and I will continue to embrace these same strategic pillars going forward. Everything we have achieved thus far serves as a solid foundation for further creative storytelling, bold innovation and thoughtful risk-taking.”

Thank you for stopping by and for the love of the mouse, never forget that it all started with a mouse.

 

(Source: Business Insider, The Walt Disney Company, CNBC)

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