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Disney’s Robert Iger Steps Down – Bob Chapek Takes Control As Seventh CEO

By John F. Heerdink, Jr.

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.

To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page. 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Walt Disney's Iger steps down as CEO, parks head Chapek to take reins in Reuters)


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