Disney Names Bob Chapek CEO as Iger Steps Down

It's been known for a while that Bob Iger, who has served as Walt Disney's (NYSE: DIS) CEO since 2005, was going to be stepping down by 2021. 

But on Tuesday, Disney made it official by announcing that Bog Iger will transition to the role of Executive Chairman, where he will direct the company's "creative endeavors." Bob Chapek, who recently served as Disney's Chairman of Parks, Experiences, and Products, will assume the role of CEO. 

Image source: Walt Disney.

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Source Fool.com