Search results for Bob Iger

Iger 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 work closely with it to develop a successor to lead the company.

CEO Bob Chapek and other company executives will receive a salary cut, and Executive Chairman Bob Iger will go without his entire salary. With halted productions and closed themed parks in North America and Paris, Moffett Nathanson estimated that Disney will take a revenue hit of $3.4 billion in 2020.

Bob Chapek, Bob Iger’s replacement, will focus its strategy on direct-to-consumer services such as Disney+ and Hulu, which he considers the “most important” to the company.

The executive will be replaced by Bob Chapek, who has most recently served as chairman of Disney’s parks business. Iger will take on the role of Executive Chairman to ensure a smooth transition through the end of his contract on Dec. 31, 2021.

Bob Iger, CEO of Disney, confirmed the news, although he indicated that the company is prioritizing the global launch of Disney+ before turning its attention to widening Hulu.