Mario Anzuoni/Reuters
He may have lost the battle, but it would seem once and future chief executive Bob Iger has won the Disney War.
In a surprise Sunday night twist, the Walt Disney Co. said Iger had been re-appointed to CEO, “effective immediately.” The move dethrones Iger’s former successor, Bob Chapek, who was named to the top job in February 2020, and just inked a new multi-year contract in June.
“The 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,” said board chairman Susan Arnold in a statement.