According to CNBC, Bob Iger has JUST stepped down from his role as Disney CEO.

Bob Iger

Iger will be assuming a new role of executive chairman, a position he will remain in through the end of 2021.

Effective immediately, Bob Chapek, who most recently served as chairman of Disney parks, as well as experiences and products, has assumed the role of CEO for Disney.

Bob Chapek

Here is the official statement from Iger himself, “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,” Mr. Iger said. “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.” You can read the FULL statement here. 

Disney will host an investor conference call at approximately 4:30 p.m. EST today. To listen to the live webcast, please visit disney.com/investors. Iger will also discuss his succession with on CNBC with Julia Boorstin at 5:30 PM Eastern Time! We’ll let you know more details on this breaking story as further details are released!

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