Former Walt Disney Co Chief Executive Bob Iger is returning to the media company as CEO, the company's board said in a statement on Sunday.
Iger, who retired from Disney at the end of last year after 15 years as chief executive, has agreed to serve as CEO for two more years, the statement said. He will replace Bob Chapek, who took over as Disney CEO in February 2020.
“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 Susan Arnold, chairman of Disney’s board, in a statement.
“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” she added.
The surprise change comes at a tumultuous time for Disney.
