In the surprise announcement it shared today, Disney announced that Bob Iger, who resigned in 2020, is returning to his CEO position. Iger served as Disney’s CEO for 15 years before resigning.
The world’s largest media company, known for its content from cinema to television, from amusement park to games. The Walt Disney Company, hosted a shocking decision in 2020. Having been the CEO of the company since 2005 and running from success to success Robert “Bob” Igerhad resigned from his post.
Disney CEO did not share the reason for this decision when he left, he explained it months later. On the other hand, today from Iger a new surprise more came.
Bob Iger becomes CEO of Disney again:
According to the statement made by the Disney Board of Directors, Bob Iger has taken over the CEO position he left. Thus, the current CEO of Disney, Bob Chapek, said goodbye to his seat.
So why did Iger leave the company, why is he back now?
Bob Iger shared the rationale for his decision in a statement made months after he left the company. Iger’s explanation was as follows:
“Over time I started to listen to other people less, perhaps being a little less tolerant of other people’s opinions, perhaps because I was a little more confident, which is what happens when I get stronger.”
The reason for Iger’s return was also included in the company’s statement shared today. Susan Arnold, President of The Walt Disney Company, shared the reason for Iger’s return:
“The board concluded that as Disney enters an increasingly complex period of industry transformation, Bob Iger is uniquely positioned to lead the company during this crucial period.”
Of course, the company’s performance in recent months may be playing a big role behind this decision. Disney, only from the beginning of this year so far Nearly 40% depreciation has come by. We’ll have to wait and see if company veteran Iger can pick up the situation.
What has Bob Iger accomplished with Disney?
Bob Iger achieved many successes during his tenure as CEO of Disney. During his tenure, Iger increased the value of the company from $48 billion to $257 billion. However, all of the following acquisitions took place while under Iger’s management:
- Pixar (2006) – $7.4 billion
- Marvel Entertainment (2009) – $4 billion
- Lucasfilm (2012) – $4.06 billion
- 21st Century Fox (2019) – $71.3 billion
Marvel Entertainment, which stands out in the above purchases, according to Forbes’ 2021 predictions 51 billion dollars reached value.
Source :
https://deadline.com/2022/11/disney-bob-iger-returns-ceo-bob-chapek-out-1235178223/