In a stunning recent move that sent shockwaves throughout Hollywood, Bob Iger, one of the most notable CEO’s in the history of The Walt Disney Company, is returning to once again run the media empire.
- YAHOO NEWS – According to the company, Iger will serve as CEO for two years, with a mandate from the Board to “set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term.”
- CNN – The company is coming off a lackluster earnings report that showed growth for its streaming endeavors. However, that came at a great cost. Disney’s streaming business lost $1.5 billion in the fourth quarter. That report sent Disney’s stock tumbling after a year of sluggish to bad performance.
- FOX NEWS – Iger was Disney’s CEO from 2005 to 2020, then served as the company’s executive chairman through 2021 before retiring. Iger will now return as CEO for two years.
- CNBC – Iger will help the company’s board develop a new successor, Disney said in a release.