Disney boss Bob Iger, who led the media company through several blockbuster acquisitions and the launch of a streaming network, is stepping down as chief executive with immediate affect.
Iger will continue to serve as executive chairman of Disney through the end of 2021; his eventual departure had been announced in April 2019, though he was expected to stay in the position till the end of 2021
Disney have announced that Bob Chapek, the former chairman of the Disney Parks will now take over as Chief Executive.
Iger, 69, had been CEO of Disney since 2005, and oversaw the acquisitions of Marvel, Pixar and LucasFilms, three massive and ultimately highly lucrative purchases for the company. Last year, the top five movies in U.S. and Canada theaters were all Disney movies, including two from Marvel and one from Pixar. He also oversaw the action remakes of classic Disney films such as The Lion King and Aladdin. With the December 20 release of the latest 'Star Wars' movie, Disney had seven movies that each sold at least $1 billion in tickets worldwide last year.
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