New Disney CEO Bob Chapek elected to the board

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New Disney CEO Bob Chapek elected to the board
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The appointment comes seven weeks after Disney named Chapek CEO, replacing Bob Iger, who took on the role of executive chairman after 15 years in the job.

Disney’s appointment of Chapek to replace Bob Iger surprised Hollywood and Wall Street. But his background may make him well-suited for the job.

“Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex situation with decisiveness and compassion,” the executives said.The move also comes just days after a column in the New York Times suggested that Iger was retaking

of the company as Disney faces perilous challenges because of shutdowns meant to slow the spread of the virus. The piece also downplayed the leadership of Chapek, who was previously head of the company’s parks and products division.has wreaked untold havoc on the entertainment industry, and on Disney in particular because of its reliance on live, in-person experiences such as resorts and movie theaters, which are closed indefinitely.

The company has shut down parks, cruise lines, and movie and TV productions because of the COVID-19 pandemic. Tens of thousands of employees

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