We are in the prime time of Disney, no doubt about that. In the last decade, this company has successfully purchased multiple huge international brands to extend their influence in the entertaining industry. This success is mostly due to the incredible talent of its CEO – Bog Iger. This man was the first person who agreed with Tom Holland for more Spider-Man movies within MCU after the break-up of Disney – Sony last summer. However, last night, Bob Iger announced that he would no longer be the CEO of the company anymore, and the decision was effective immediately.

Bob Iger
Bob Iger

Bob Iger (69 year old) will not leave the company, he will be serving as the Creative Executive Chairman of the company. The new CEO is Bob Chapek (Disney seems to have a special taste for Bob people). Bob Chapek has been working for Disney for more than 30 years. In 2015, Bob Chapek was promoted to the Chairman of Walt Disney Parks and Resorts, and in 2018, he was promoted to the Chairman of the Parks, Experiences, and Products section.

Bob Chapek
Bob Chapek - the seventh CEO of this company

Bob Chapek is only the seventh CEO of Disney – an entertainment company that has been in business for more than 100 years, so he has a lot to learn. However, Bob Iger is still extremely confident about the next CEO of the company. He shared that in his statement about the decision.

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The words of Bob Iger in his statement of the decision of changing CEO

Bob Iger has been the CEO of Disney since 2005. His contract as the CEO of the company ended in 2018, but then it was extended to December 31st, 2021. Bob Iger will be the Creative Executive Chairman of the company until his contract ends. During the era of Bob Iger, Disney has successfully acquire multiple huge brands like Pixar in 2006 ($7.4 billion dollars), Marvel in 2009 ($4 billion dollars), Lucasfilm – the owner of Star Wars franchise – in 2012 ($4.05 billion dollars), and 21st Century Fox in 2019 ($71.3 billion dollars).