The company announced today via press release that Bob Iger was stepping down as CEO, effectively immediately, to be replaced by the company’s Chairman of Disney Parks, Experiences and Products, Bob Chapek.
Iger was the sixth CEO of Disney, replacing Michael Eisner some 15 years ago.
For the first time since 2005, The Walt Disney Company will have a new CEO.
“He has proven himself exceptionally qualified to lead the Company into its next century,” Iger said in his statement.