The board of directors of Walt Disney replaced, on Sunday night (20), CEO Bob Chapek by Robert Iger, former president and CEO of the company who left the company at the end of last year.
“The board concluded that, as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely positioned to lead the company through this crucial period,” said Susan Arnold, chairman of the board at Disney, in a statement.
“We thank Bob Chapek for his service to Disney throughout his long career, including navigating the company’s unprecedented challenges from the pandemic,” she added.
The surprise move comes at a tumultuous time for Disney.
This month, the company reported weaker-than-expected fourth-quarter financial results, ending momentum built over a strong year that saw record revenues and profits across several divisions, particularly one that includes theme parks.
Disney’s theme park business has rebounded strongly since the coronavirus pandemic closed its locations around the world, but the division continues to subsidize mounting losses in the video streaming business.
Source: CNN Brasil
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