Bob Iger replaces Bob Chapek as head of Disney

The former CEO stepped down as head of Disney in 2020, but Bob Iger is back at the helms of the entertainment giant.

bob iger

Before stepping down in 2020, Iger ran the House of Mouse for 15 years before stepping down in a shocking move. 

He was replaced by Bob Chapek, who has had a tumultuous run at Disney. 

Disney’s shares have fallen 40% over the past year and Disney still isn’t making any profits. On the contrary, Disney is still suffering significant losses over its streaming service, despite it being the home of Star Wars, Marvel and, of course, all things Disney. 

Bob Chapek

Bob Chapek replaced Iger in 2020. Credit: David Livingston/Getty Images

In a statement, Susan Arnold, Chairman of the Board said: “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic.” 

Arnold also described Iger as “uniquely situated to lead the Company through this pivotal period” which she said was “increasingly complex period of industry transformation”.

Iger said he was “extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO”. 

Whether Iger can turn Disney+ into a profitable service remains to be seen, but there’s no doubt Disney will continue to dominate the market. 

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