IU alumnus Bob Chapek was named the CEO of Disney after former CEO Bob Iger stepped down Tuesday. Iger will remain the company’s executive chairman through December 2021, according to a Walt Disney Company press release.
Chapek graduated from IU with a degree in microbiology in 1981. Before becoming CEO, he was chairman of Disney Parks, Experiences and Products. Chapek has worked with Disney for more than 27 years, according to the release.
“I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world, and to lead our exceptionally talented and dedicated cast members and employees,” Chapek said. “Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team.”
With the launch of Disney’s new services and the integration of Twenty-First Century Fox, now is a good time to transition to a new CEO, Iger said in the release.
“I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the company’s creative endeavors,” he said.
Read more about Bob’s pursuits on the IDS website here.