Disney Ousts CEO Bob Chapek, Brings Back Bob Iger

• 3 min read
Disney Ousts CEO Bob Chapek, Brings Back Bob Iger

MARKET MOVERS

  • Disney replaces Bob Chapek. Disney announced that former CEO Bob Iger would return to his role atop the entertainment giant, replacing his successor Chapek, who’s been CEO for less than three years. The company’s recent performance appears to have been the final straw that sent the board crawling back to Iger. Both Disney’s streaming unit and the parks division underperformed expectations last quarter. This year, shares are down 41%.
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