News Chapek FIRED, Iger New CEO

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fgmnt

Well-Known Member
My first reaction was that someone hacked into his email and pranked tens of millions of people, but there are multiple reporters reporting this and statements being released.

My goodness. I would say never in a hundred years, but what is dead may never die.
 
UNCgolf

UNCgolf

Well-Known Member
MagicHappens1971 said:
The internal email didn’t go into detail, just that more would be shared tomorrow and in the coming days
Click to expand...

Chapek is 100% out. If he's no longer CEO (and he isn't) then he's no longer with Disney.

This is obviously a short-term move, though. Iger is in his 70s. I wonder if they already have a succession plan in place as part of bringing him back as CEO.
 
D

DCBaker

Premium Member
Press release -

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term. Mr. Iger succeeds Bob Chapek, who has stepped down from his position.

“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of the Board. “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”

“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide—all of which will allow for a seamless transition of leadership,” she said.

The position of Chairman of the Board remains unchanged, with Ms. Arnold serving in that capacity.

“I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,” Mr. Iger said. “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe—most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.”

During his 15 years as CEO, from 2005 to 2020, Mr. Iger helped build Disney into one of the world’s most successful and admired media and entertainment companies with a strategic vision focused on creative excellence, technological innovation and international growth. He expanded on Disney’s legacy of unparalleled storytelling with the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox and increased the Company’s market capitalization fivefold during his time as CEO. Mr. Iger continued to direct Disney’s creative endeavors until his departure as Executive Chairman last December, and the Company’s robust pipeline of content is a testament to his leadership and vision.
 
SorcererDonald16

SorcererDonald16

Well-Known Member
I just got the news alert on my phone from Hollywood Reporter. Wow.

Not that I’m going to complain about Chapek being out, but is there really no one else who can run this company other than Iger? :banghead: I haven’t forgotten that a lot of the negatives and turns away from decent customer service started when he was in charge.
 
Disney Glimpses

Disney Glimpses

Well-Known Member
Iger email to CMs

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