Big decisions have been made regarding Disney’s current Chief Executive Officer (CEO).
Bob Chapek has been Disney’s CEO since early 2020. Chapek’s name has been at the center of a lot of news lately, from the situation with Florida’s Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill), to the firing of a top executive, and more. We previously shared that the contract for Bob Chapek, Disney’s CEO, was likely to be renewed, and now we’ve got an update.
According to a Disney press release, shared via BusinessWire, the Board of Directors of the Walt Disney Company has voted unanimously to extend Bob Chapek’s contract as CEO. That extension will be for another 3 years.
Susan Arnold, the current Chairman of the Board (who took over after Bob Iger’s departure from Disney) shared that Disney was “dealt a tough hand by the pandemic,” but with Chapek at the helm, Disney’s businesses have “not only weathered the storm, but emerged in a position of strength.”
Arnold went on to say that the Board is “committed to keeping Disney on the successful path it is on today, and Bob’s leadership is key to achieving that goal. Bob is the right leader at the right time for The Walt Disney Company, and the Board has full confidence in him and his leadership team.”
Chapek shared that he is “grateful to the Board for their support.” Chapek noted that he started working at Disney nearly 30 years ago, and said that he is “thrilled to work alongside the incredible storytellers, employees, and Cast Members who make magic every day.”
We will continue to look for more updates on this situation and let you know what we find.
Stay tuned for all the latest Disney news.
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
The post NEWS: Disney Votes to EXTEND Bob Chapek’s Contract as CEO first appeared on the disney food blog.