DISNEY TAPS EX-CEO BOB IGER TO RETURN, SET STRATEGY

Disney taps ex-CEO Bob Iger to return, set strategy

BURBANK, Calif. (AP) — The Walt Disney Company has tapped its former CEO Bob Iger to return to head the company for two years, firing his successor Bob Chapek, who took the post in 2020. The move late Sunday stunned the entertainment industry. Disney said in a statement that Iger “has the deep respect of Disney’s top leadership team” and is admired by the company’s employees “worldwide.” Disney board chair Susan Arnold thanked Chapek for his leadership during the pandemic but said the company’s board believed Iger was “uniquely situated” to guide it during “increasingly complex” times. Iger, 71, led Disney for 15 years as it absorbed Pixar, Lucasfilm, Marvel and Fox’s entertainment businesses, then launched Disney+ streaming service.

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