Those who would keep track of
recent developments in the mighty entertainment umbrella of The Walt Disney
Company would agree that many of its notable power moves in the last two
decades were carried out under the oversight of its executive chairman and CEO
Bob Iger, who has been at the post since the previous decade. Opening new theme
parks around the world and acquiring major media producers Marvel, Lucasfilm
and 20th Century Fox have been the highlights of Iger’s illustrious
career as Disney boss. But all good things come to an end, such as Iger
beginning is eventual departure.
Tech Crunch reports that Bob Iger has
officially stepped down as CEO of Disney this past Tuesday, February 25. In his
place, Chairman Bob Chapek from Disney Parks, Experiences and Products will
step up as the new chief executive officer of the multimedia giant. The
handover was announced by the Disney Board of Directors, with Iger taking the
position of executive chairman only until his employment contract expires next
year. The long-time Disney boss believed he was in a good time to hand over his
duties and responsibilities after weathering the business of acquiring the 20th
Century Fox film studio and launching streaming service Disney+.
Plans for Iger
to depart the company he has led since 2005 were already being formed as early
as April of 2019, just a month after finalizing the Fox asset acquisition. And
in shifting from full CEO to creative chairman in his roughly last year with
Disney, Iger hopes to be able to focus less on the corporate facet and more on
the creative processes of the House of Mouse, especially with its new digital
streaming platform and added studio subsidiary. “Getting everything right
creatively would be my number one goal,” he explains in interview.
Bob Iger’s
replacement Bob Chapek, will be the seventh CEO of the storied Disney Company,
and the fifth who is not part of Walt Disney’s family. Iger believes that the
visionary leadership style brought to bear by Chapek while heading Disney Parks
will be just the thing to keep moving the company forward into the future. And
with the strategic gains readied for him by Iger during his 15-year CEO tenure,
Chapek is in position to keep asserting Disney dominance in the global
entertainment industry. With Chapek’s experience including the development and
opening of Shanghai Disney Resort, he will be no slouch in leading either.
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