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WEKU
WEKU
The Associated Press

Disney announces ex-CEO Bob Iger will return for 2 years

Bob Iger Disney Bob Chapek Walt Disney Company Entertainment Marvel

BURBANK, Calif. — The Walt Disney Company announced late Sunday that former CEO Bob Iger will return to head the company for two years in a move that stunned the entertainment industry.

Disney said in a statement that Bob Chapek, who succeeded Iger in 2020, had stepped down from the position. Disney board chairperson Susan Arnold thanked Chapek for his leadership during "the unprecedented challenges of the pandemic."

She said directors believed Iger was "uniquely situated" to guide the entertainment behemoth during "an increasingly complex period of industry transformation." Iger, 71, led Disney for 15 years as it absorbed Pixar, Lucasfilm, Marvel and Fox's entertainment businesses, then launched its Disney+ streaming service.

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