He will be replaced by long-running executive Bob Iger, who helmed the company for 15 years before being succeeded by Chapek.
In a surprising turn of events, the chief executive of Walt Disney Co. Bob Chapek is reportedly stepping down with immediate effect, and to replace him the board of directors at Disney has chosen former long-running CEO, Bob Iger. He departs Disney on the brink of its transformation from an entertainment company to a technology company.
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