JUST IN: Disney CEO Bob Iger Steps Down ‘Effective Immediately’

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Disney CEO Bob Iger has stepped down from his role “effective immediately.”

Disney Parks Chairman Bob Chapek will take over Iger’s position as CEO, and Iger will serve as executive chairman of the company.

BREAKING: Disney CEO Bob Iger to step down. Bob Chapek will be the CEO of Disney immediately. $DIS pic.twitter.com/MDSBArbjWg

— CNBC (@CNBC) February 25, 2020

Iger had been CEO of Disney since 2005, and according to the Walt Disney Company, Chapek has spent “nearly three decades at Disney.”

“Before becoming the 7th CEO in Disney’s nearly 100-year history, Mr. Chapek served as Chairman of Disney Parks, Experiences and Products since the segment’s creation in 2018, and prior to that he
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