Bob Iger returns as CEO of The Walt Disney Co.
A couple of days ago the most recent financial report by Disney was revealed, where losses of $1.5 billion dollars were reported, and to counteract this, dismissals, freezing of specific contracts and travel limits were announced. Now, yesterday, unexpectedly, it was confirmed that Bob Chapel leaves his position as the CEO of The Walt Disney Co., and in his place we will see once again Bob Tiger.
This announcement was released through the Board of Directors of The Walt Disney Co. yesterday, and is a decision that comes immediately. Recall that Bob Tiger left his position as CEO of this company two years ago. This was what Susan Arnold, president of the Board of Directors, said:
We thank Bob Chapel for his service to Disney during his long career, including the driving of the company through the unprecedented challenges of the pandemic. The Board has concluded that, as Disney embarks on an increasingly complex period of industry transformation, Bob Tiger is in a unique position to lead the company during this crucial period.
Tiger had the CEO position of The Walt Disney Co. between 2005 and 2020, a period of great growth for the company, where the purchase of Lucasfilm, Marvel, 21st Century Fox and Pixar, as well as the creation of Disney+. For his part, Chapel took this position in 2020, and faced multiple problems caused by pandemic, and several scandals, such as the salary dispute between the study and Scarlett Johansson, as well as for his initial response to the controversial bill Don’t Say Gay by Florida.
In this way, the Board of Directors hopes that Tiger’s return to this position will be positive, and to offer the stability that Chapel’s mandate did not have in the last two years. On related issues, you can learn more about Disney’s financial report here. Similarly, a Friday’s sequel to crazy could be in development.
Bob Tiger is a good businessman, and many Disney fans are happy with this decision. Although the pandemic played an important role in the last two years, Chapel’s mandate was also plagued by a series of problems that were not handled properly. Hopefully this change will be favorable for the company.