News Chapek FIRED, Iger New CEO

[Lilofan]

That's not been verified and false.

I'm sorry. It's true. Effective immediately Iger is no longer CEO

 

[monothingie]

Bob knew when to get out. Now Bob is going to get stuck with China and a crappy movie/media year.

 

[Bender123]

Wow...got that updated quickly.

Bob Chapek - The Walt Disney Company

Bob Chapek is Chief Executive Officer of The Walt Disney Company, one of the world’s largest media and entertainment companies and home to some …Read More

thewaltdisneycompany.com

 

[EricsBiscuit]

I’m surprised it is immediate. Other than that, I’m not as concerned about the parks as others here.

 

[Andrew C]

I’m surprised it is immediate. Other than that, I’m not as concerned about the parks as others here.

immediate to us. Not to them I’m sure.

 

[Disney Analyst]

Any word on who replaces Chapek? This could be a good think for the parks based on that person.

 

[KBLovedDisney]

Ok, someone needs to start a separate thread immediately on the pros and cons of each CEO and what they brought or destroyed before this one goes on for ages and depicts these individually...(if it hasn't already been in existence this whole time and I have yet to find it)

 

[Clamman73]

Very. Wonder what's behind this?

Pessimistic me says hide what might have been a stock drop during ”normal” times if announced, but with this Corona stock market drop it‘ll go unnoticed....and what was mentioned above.

 

[Ojo4]

Stepping down this abruptly in the early stages of a crisis for your parks and resorts sector while also being unable to fix your $2 billion dollar mistake is very ominous for TWDC

 

[WDW Vaden]

CNBC to have an interview with both Bobs at 5:30 PM EST today.

 

[Rickcat96]

That Coronavirus is mean...

 

[Andrew C]

Iger is still sticking around for a while. Just not as CEO.

 

[WEDway Inc & Company LLC]

So much for being around for the 50th.

 

[MisterPenguin]

Investor call today, Tuesday, Feb 25, 4:30p ET (in about 11 minutes).

Investor Conference Call - The Walt Disney Company

Listen to the webcast replay: https://thewaltdisneycompany.com/app/uploads/2020/02/leadership-conference-call-02252020.mp3 DOWNLOADS: Press Release Audio Forward-Looking Statements: Management believes certain statements in this call may constitute “forward-looking statements” within the...

thewaltdisneycompany.com

 

[marni1971]

Well...

Popcorn time.

 

[Lilofan]

My CEO preference would have been Peter Rice > Bob Chapek > Kevin Mayer. So this is not the best, but not the *worst.*

Whan execs get passed over they usually leave the company such as Tom Staggs and Jay Rasulo.

 

[DHoy]

Oof, any chance Josh Damaro is picked to move into the VP of Parks and resorts

 

[Andrew C]

Says Iger will still direct the company’s creative endeavors until the end of 2021

 

[denyuntilcaught]

Okay okay, but who will now oversee Parks? That's what is interesting to me.

(Unless I glazed over it in the Press Release?)

 

[Notes from Neverland]

I'm quite worried about the future of the parks.