The Walt Disney Co. is experiencing a major and very unexpected corporate shake-up, as current CEO Bob Chapek is stepping down from his position and being replaced by his predecessor, Bob Iger.
The news was revealed by Disney’s board of directors on Sunday. This change takes effect immediately, as Iger returns to a role he only vacated in 2020. Iger’s new contract will see him serve as CEO for the next two years.
“We thank Bob Chapek for his service to Disney over his long career,…
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