Sunday Night Stunner at Disney as Iger Returns as CEO for at Least Two More Years

In a stunning move, Walt Disney's board reinstalled Bob Iger as CEO of the firm on Nov. 20 with Bob Chapek stepping down immediately. Iger had served as Disney’s CEO from March 2005 to February 2020 and executive chair from February 2020 to December 2021. Iger signed a two-year deal to serve as CEO to set the strategic direction for the firm and help find a successor. While Iger and the board will work together to identify the next CEO, we would not be surprised if Iger extends his stay, as he previously delayed his retirement three times in his first stint as CEO.