Bob Iger steps down as Disney CEO after 15 years, Bob Chapek to replace him

Bob Iger has evidently been one of key faces of Disney as he mand to make company reach heights never seen before. Under his leership, Disney acquired multiple IP properties like Marvel, Star Wars and Pixar which turned out to be some of biggest franchises and money-makers for company.

Besides this, Bob Iger also mand to buy massive 21st Century Fox studios in a historic $70 million deal. But, celebrated Disney CEO reportedly surprised Hollywood as he decided to step down from prestigious position without giving any prior tice. His legacy will be carried forward by Bob Chapek who was previously Disney experiences, products and parks chairman. 

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Bob Iger decides to step down as Disney Ceo after 15 years

Reports are suggesting that Bob Iger will continue to stay on-board as Disney executive chairman till end of 2021. Bob Iger issued a press release after his departure from CEO position explaining his decision. ex-CEO of Disney stated that with launch of Disney+, which has allowed Disney to serve content directly to consumers and acquisition of a big brand like 21st Century Fox, it was right time to step down as Disney CEO. 

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In press release, Bob Iger also stated that he has utmost faith and trust in Bob Chapek, who will be carrying forward mantle of Iger's legacy. Bob Iger will be working closely with Chapek over course of next 22 months as he delves deep into global business carried by Disney. Bob Iger will be continuing to work on Dinsey's creative endeavours till 2021, when he will finally bid farewell to Disney company. 

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Im courtesy - Robert Iger Instagram