Bob Iger, who left Walt Disney, is back at the helm of the company
[ad_1]
Robert Iger, who led the Walt Disney Company for 15 years and retired a year ago, has been re-appointed as CEO. Iger “agreed to serve at Walt Disney for two years with a mandate from the board of directors to set the strategic direction for the company’s renewed growth” and prepare a successor to succeed him at the end of the two-year term, the company said in a statement.
The first time Robert Iger headed Walt Disney was back in 1996. During his 15 years as CEO and Chairman of the Board of Directors of Walt Disney, the company made many major acquisitions, including film studios. Pixar, Marvel Entertainment, Lucasfilm and 21st Century Fox. In addition, in 2016 the company opened its first thematic a park in China. Under his leadership, the Disney+ streaming service was launched. The capitalization of the company under Bob Iger increased from $48 billion to $257 billion. In 2019, the magazine Time named the head of Walt Disney Businessman of the Year for being able to transform Walt Disney “from a boring media into a sexy cultural force.” In 2020, Mr. Eiger stepped down as CEO and was replaced by Bob Chapek. And at the end of 2021, Bob Iger stepped down as chairman of the board of directors of Walt Disney, and for the first time in the history of the company, this post was taken by a woman – Susan Arnold.
Now, after returning to Walt Disney, Bob Iger will take over from Bob Chapek. The company hopes that now, when the company is “going through a very difficult period of transformation, Bob Iger is a unique figure who can lead it through this critical stage.” Since the beginning of the year, Walt Disney shares have lost more than 40%. And the latest quarterly report was very disappointing to investors with the performance of the streaming business, whose losses amounted to almost $ 1.5 billion. In his statement on taking office, Mr. Iger noted that he is an optimist, and years at Walt Disney taught him that the company’s employees are capable of ” achieve the impossible.”
[ad_2]
Source link
