Bob Chapek is Fired and Bob Iger returns to a Hero’s Welcome

Bob Chapek is Fired and Bob Iger returns to a Hero’s Welcome. News is Breaking in the Wonderful World of the Walt Disney Company and the reaction is strong. Disney Cast Members were apparently the first to learn of the change at the top when an email was sent out to everyone an hour ago.

The Walt Disney Company immediately released a statement that you can read below. While celebrities and influencers reacted fast and en masse. Josh Gad, aka Olaf from Walt Disney Animation “Frozen”, was one of the first to say “The King has returned!! Welcome Back to @disney to the greatest man in the biz”. While many others heaped on board the anti-Chapek Train.

Related: Bob Chapek stepping down as Disney CEO Bob Iger to take his place

Bob Chapek is Fired

“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of the Board. “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.”

“Mr. Iger has the deep respect of Disney’s senior leadership team, most of whom he worked closely with until his departure as executive chairman 11 months ago, and he is greatly admired by Disney employees worldwide–all of which will allow for a seamless transition of leadership,” she said.

“I am extremely optimistic for the future of this great company and thrilled to be asked by the Board to return as its CEO,” Mr. Iger said. “Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe—most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honored to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.

“During his 15 years as CEO, from 2005 to 2020, Mr. Iger helped build Disney into one of the world’s most successful and admired media and entertainment companies with a strategic vision focused on creative excellence, technological innovation, and international growth. He expanded on Disney’s legacy of unparalleled storytelling with the acquisitions of Pixar, Marvel, Lucasfilm, and 21st Century Fox and increased the Company’s market capitalization fivefold during his time as CEO. Mr. Iger continued to direct Disney’s creative endeavors until his departure as Executive Chairman last December, and the Company’s robust pipeline of content is a testament to his leadership and vision.

Related: Disney issues statement regarding the Return of Bob Iger as Disney CEO

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