There have been some major changes in leadership at the Walt Disney Company over the last two years!
When Bob Iger stepped down as CEO and was replaced by Bob Chapek in early 2020, some changes were made to the company as roles shifted. Since then, Bob Iger has been Chairman of the Board for the Walt Disney Company, but now that is changing.
CNBC reports today that Susan Arnold is now replacing Bob Iger as Executive Chairman at the Walt Disney Company. Iger had already planned to leave the company in December 2021 after his time in the Chairman position.
Iger shared his thoughts on his replacement in a statement: “Having most recently served as independent Lead Director, Susan is the perfect choice for Chairman of the Board, and I am confident the Company is well-positioned for continued success under her guidance and leadership.” Arnold has been on the Walt Disney Company board for 14 years and has served as the independent Lead Director since 2018.
Bob Iger’s career with Disney comes to an end after 47 years of working with the company. He was the Walt Disney Company CEO for 15 of those years, then stepped down in February 2020. Iger had previously planned to step down in 2018, but those plans were extended twice.
Iger’s contract was set to expire this year, allowing him the perfect timing to step away. Throughout his career as CEO, he oversaw some of the company’s largest acquisitions, as well as some major changes in the theme parks. He was also CEO when the company launched its streaming service, Disney+.
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