Disney has prolonged CEO Bob Chapek’s contract for 3 years, the corporate introduced Tuesday.
Chapek’s contract was set to run out in February subsequent yr, three years after he unexpectedly took the reins from Bob Iger. The board, which met Tuesday in Florida, voted unanimously to increase Chapek’s tenure to July 2025.
“Disney was dealt a tricky hand by the pandemic, but with Bob on the helm, our companies — from parks to streaming — not solely weathered the storm, however emerged able of power,” stated Susan Arnold, chairman of the board, in a press release Tuesday.
She added: “On this vital time of development and transformation, the Board is dedicated to conserving Disney on the profitable path it’s on right this moment, and Bob’s management is essential to reaching that aim. Bob is the best chief on the proper time for The Walt Disney Firm, and the Board has full confidence in him and his management group.”
