BREAKING NEWS: The Walt Disney Company Board Votes to Extend Bob Chapek’s Contract as CEO for Three Years

The Walt Disney Company Board of Directors unanimously votes to extend Bob Chapek’s contract as CEO for three years. Bob Chapek took over for the well-liked Bob Iger, and Chapek has just agreed to this long-term contract. For many Disney fans, this may be some bad news. This means that the new agreement will run until 2025. This decision follows after this statement was made a few weeks back regarding the Peter Rice situation “and his leadership team have the support and confidence of the Board.” Let’s see where the next three years take Disney with Bob Chapek being the leader.

Q1 2022 Disney Earnings Call

Source: Hollywood Reporter