The Walt Disney Company announced this afternoon that Robert Iger, the company’s long-time CEO who ushered in the company’s lush franchise and entertainment platform profits, will step down immediately as chief executive. Bob Chapek, a long-time senior exec at the company who most recently held the position of chairman of Disney Parks, Experiences and Products, will succeed him. Update: We’ve added Iger’s company-wide email to employees (below). Chapek, as head of Disney’s Parks Division, was a somewhat divisive figure in that he led with a “value engineering” (the Imagineering word for trimming cool stuff) and budget conscious strategy instead of the more popular “let Imagineers do the most” tactic that has produced some of the parks’ most enduring rides and experiences.
Comment on Disney CEO Bob Iger immediately steps down from CEO position
Danny Crichton, TechCrunch
Tue, 02/25/2020 - 2:37pm
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