{"id":513271,"date":"2022-11-21T05:49:55","date_gmt":"2022-11-21T02:49:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/disney-shocker-bob-iger-returning-as-ceo-bob-chapek-exits\/"},"modified":"2022-11-21T05:49:55","modified_gmt":"2022-11-21T02:49:55","slug":"disney-shocker-bob-iger-returning-as-ceo-bob-chapek-exits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/disney-shocker-bob-iger-returning-as-ceo-bob-chapek-exits\/","title":{"rendered":"#Disney Shocker: Bob Iger Returning as CEO, Bob Chapek Exits"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a262211e69d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a262211e69d6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/disney-shocker-bob-iger-returning-as-ceo-bob-chapek-exits\/#Disney_Shocker_Bob_Iger_Returning_as_CEO_Bob_Chapek_Exits\" >Disney Shocker: Bob Iger Returning as CEO, Bob Chapek Exits<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Disney_Shocker_Bob_Iger_Returning_as_CEO_Bob_Chapek_Exits\"><\/span>Disney Shocker: Bob Iger Returning as CEO, Bob Chapek Exits<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In a stunning turn of events, The Walt Disney Co. says that Bob Chapek will step down as CEO, with Bob Iger returning to lead the company.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Disney\u2019s board of directors announced the decision Sunday night. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,\u201d said Susan Arnold, chairman of the board, in a statement. \u201cThe Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Chapek had just signed a new multi-year contract in June, after speculation following the ouster of TV chief Peter Rice earlier that month prompted the board to issue a notable public statement backing the CEO after the move.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Iger even acknowledged in an email to Disney employees Sunday that he is returning \u201cwith an incredible sense of gratitude and humility \u2014 and, I must admit, a bit of amazement.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    While Iger will be returning to his old role, the board also made it clear that his new term will be a temporary one.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Iger \u201chas agreed to serve as Disney\u2019s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term,\u201d the board said. The revival of the \u201cwho will be Iger\u2019s successor?\u201d question is one that\u2019s sure to be hotly debated, given that much of the prior decade saw a wave of executives be speculated about as a possibility, only to exit or be passed over. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Iger stepped aside as CEO in February 2020, handing the reins to Chapek, who previously led the company\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a> parks and consumer products division. He continued to serve as executive chairman of the company, stepping down from that position just 11 months ago. (Since that time, he found a part-time gig at a venture capital firm, Thrive Capital, as a partner and had been working on a follow-up book to his 2019 tome <em>Ride of a Lifetime<\/em>.)<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Of course, as Arnold noted in her statement, the novel coronavirus pandemic took its toll on the company, shutting its theme parks and cruise ships, and stopping almost all film and TV productions. It also, however, turbocharged streaming growth, with Chapek leaning into streaming by reorganizing the company to focus on digital.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    But his tenure has also been rocky, marked with controversies and distractions. From the aggressive campaign against Marvel star Scarlett Johansson that resulted in a settlement over pay for <em>Black Widow<\/em>, to Disney\u2019s response (or lack thereof) to Florida\u2019s so-called \u201cDon\u2019t Say Gay\u201d bill, Chapek has had to deal with a wide array of public misfires during his relatively brief tenure atop the company.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    But in addition to the public controversies, Disney\u2019s business has also begun to falter in recent quarters.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Chapek announced on Nov. 11 that the company would freeze hiring and stop all non-essential <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>, with layoffs likely to follow as his executive team sought to trim costs.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    And while Disney gains subscriptions at a rapid clip \u2014 some 235 million across Disney+, ESPN and Hulu \u2014 the company\u2019s streaming losses have continued to grow, to nearly $1.5 billion in its most recent quarter, making it that much more challenging to hit its profitability target. \u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Iger, a company man since joining ABC in 1974, led the network after Disney acquired it in 1995 and was elevated to CEO of Disney in 2005, succeeding Michael Eisner. While his elevation within the company was due to his business acumen, he developed a reputation for having an elevated sense of taste and creative vision, skills he continued to put to use after stepping aside as CEO in 2020. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Iger grew Disney to new heights by acquiring Pixar for $7.4 billion in 2006, Marvel for $4 billion in 2009 and Lucasfilm for $4 billion in 2012, creating a powerhouse that in 2019 saw the company pass $10 billion in global box office sales. The same year, Disney closed the unprecedented, $71.3 billion acquisition of Fox \u2014 including 20th Century Fox studio, Fox Searchlight, FX Networks and National Geographic \u2014\u00a0creating a global content powerhouse.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    While Iger built a reputation as talent-friendly, Chapek\u2019s reputation amongst creatives took a hit in July 2021 when the dispute with Johansson over the day-and-date streaming release of\u00a0<em>Black Widow<\/em>\u00a0went public. The star filed a lawsuit claiming the studio was sacrificing its box office potential in order to juice Disney+.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Their differing styles and approaches led to something of an oil and water relationship between the two Bobs. As <em>THR<\/em>\u2018s Kim Masters reported last year, at what was to be his last formal Disney board retreat with the company, Iger implored everyone in the room to focus on the virtues of creativity and talent.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Disney\u2019s market cap was roughly $55 billion when Iger took over in 2005, rose to $260 billion in January 2020, and has fallen to $167 billion as of Friday.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cI am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,\u201d Iger said in a statement. \u201cDisney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe\u2014most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.\u201d\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Iger told employees in his note that he will address the company on Monday, with other senior leaders. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cI know this company has asked so much of you during the past three years, and these times certainly remain quite challenging, but as you have heard me say before, I am an optimist, and if I learned one thing from my years at Disney, it is that even in the face of uncertainty \u2014 perhaps especially in the face of uncertainty \u2014 our employees and Cast Members achieve the impossible,\u201d he wrote.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    <em>Aaron Couch contributed to this report.<\/em><\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Disney\u2019s board of directors announced the decision Sunday night. \u201cWe thank Bob Chapek for his service to Disney&#8230;<\/p>\n","protected":false},"author":1,"featured_media":513272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/11\/bob-and-bob.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[87361,5032,73549],"class_list":["post-513271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-bob-chapek","tag-bob-iger","tag-the-walt-disney-company"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=513271"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/513272"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=513271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=513271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=513271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}