Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.
As per reports, Robert Iger to step down as Chief Executive Officer, Walt Disney Co, and Bob Chapek to take over the charge as the seventh CEO in the company’s nearly 100-year history. Iger to continue serving as executive chairman and lead the company’s “creative endeavors” until his contract ends on Dec. 31, 2021. Chapek to report to Iger and will directly oversee all of Disney’s business segments and corporate functions.
Iger served as Disney’s CEO since 2005 and has been responsible to build Disney brand through major acquisitions including animation studio Pixar in 2006, Marvel in 2009, “Star Wars” franchise owner Lucasfilm in 2012, and the purchase of 21st Century Fox.
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