Bob Chapek, Walt Disney Company’s new CEO, has been elected onto the company’s board of directors. Chapek was made CEO in February 2020, replacing longstanding CEO Bob Iger. The new CEO was the former chairman of Disney Parks, Experiences and Products.
Susan Arnold, independent lead director of the Disney Board, commented on the decision to elect Chapek as a member of the board of directors. “Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex situation with decisiveness and compassion.
“We are pleased to add Bob to the Board, as stated we would when he was named CEO,” Arnold continued.
Bob Iger remains in the role of executive chairman until December 31, 202, when his contract ends. Iger oversees the Disney board of directors, which now has ten members. He continues to provide “guidance” during Bob Chapek’s transition into the position of CEO.