“Bob Chapek Replaces Bob Iger as Disney CEO”

Bob Iger steps down as CEO of Disney with immediate effect and now will continue to be the chairman of Disney. The news has been confirmed by Disney and it has also been revealed that Bob Chapek will be the next CEO as the chairman of Disney parks, products, and experiences. Further, it has also been revealed by Disney that Iger will assume the role of executive chairman and will focus on making creative strategies for the company during his remaining tenure. Meanwhile, It has been said that Chapek will be appointed to the board of directors later and till then continue to report to Iger.