Bob Iger has announced that he will step down as CEO of Disney. Iger will stay on as executive chairman of “creative endeavors” through the end of 2021.
Iger joined the company in 1974. Twenty-five years later, he became the chairman of the ABC group. In 2005, he worked his way up to his former position as CEO of Disney. As CEO, he oversaw the launch of Disney+ and the Marvel Cinematic Universe explosion of the last two decades.
“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,” Iger stated.
“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,” the former CEO added.
Bob Chapek, who led the company’s theme parks division, will step in as the next CEO.