Bob Iger Steps Down<br />as CEO of Disney On Feb. 25, the Walt Disney<br />Company Board of Directors<br />announced Bob Iger would be<br />stepping down as Disney CEO. His role will be taken over by Bob Chapek,<br />who most recently served as Chairman of<br />Disney Parks, Experiences and Products. Iger, who was first named the CEO of Disney<br />in 2005, will assume the role of Executive Chairman<br />until his contract ends in December 2021. As Executive Chairman, Iger will head the Board of<br />Directors and lead the company’s “creative endeavors,”<br />in order to ensure a “smooth and successful transition.” According to a statement, Iger’s decision to step down<br />has been in the works for the “past several years.” Bob Iger,<br />via statement During a call with investors,<br />Iger also said he wanted<br />more freedom to focus on<br />the "creative side" of Disney. Bob Iger, via<br />'The Verge' Iger also praised Chapek, saying his record of<br />“visionary leadership” and “steller results,” makes him<br />“exceptionally qualified” to take on the CEO position. Bob Iger, via statement
