Iger will replace Bob Chapek, who took over as Disney CEO in February 2020.
While Chapek steered Disney through the COVID-19 pandemic, Disney disappointed investors this month with an earnings report that showed continued losses at its streaming media unit.
“The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period,” Susan Arnold, chair of Disney’s board, said in a statement. Bob Chapek attends Paley International Council Summit at Paley Museum on Nov. 8, 2022 in New York City.Getty Images/ Gerardo Mora
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