Bob Iger has served as Disney’s CEO since 2005, but not anymore. He’s tapped Bob Chapek as his successor while Iger moves to Executive Chairman. Chapek has been with Disney since 1993 and has served as chairman of Disney Parks, Experiences and Products since 2018. He’ll be the seventh CEO in Disney’s history and will report to Iger and Disney’s board.
Iger rapidly expanded Disney acquiring Pixar for $7.4 billion, Marvel for $4 billion, and Lucasfilm for $4 billion. The purchases paid off as Disney grossed an unprecedented $13 billion at the global box office in 2019.
In 2019, Iger also oversaw the acquisition of Rupert Murdoch’s Fox assets, including 20th Century Fox, Fox Searchlight, FX Networks, and National Geographic for $71.3 billion.
Iger plans to spend his time now with Disney’s creative outlets including Hulu and Disney+.