Jeff Bezos is one of many CEOs to announce plans to step down over the past year - Business Insider

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It's not just Jeff Bezos — more than a dozen CEOs announced transition plans in the last year

. His exit was part of a larger restructuring effort of the streaming service after it was purchased by Disney the previous year.Bob Iger stepped down on February 25 after a run of 14 years.

Iger is one of many longtime CEOs to stay on at the company in a leadership role, even after appointing a new CEO. Much like Bezos plans to transition to the role of executive chairman, Iger stayed on as executive chairman while the new CEO Bob Chapek took over. Iger"smoothly reasserted control," during the coronavirus crisis.

"A crisis of this magnitude, and its impact on Disney, would necessarily result in my actively helping Bob [Chapek] and the company contend with it, particularly since I ran the company for 15 years," Iger wrote in April. Microsoft co-founder Bill Gates maintained a similar level of influence at Microsoft even after he stepped down as CEO of Microsoft in 2008. This past year, he has taken further steps of distancing himself from the company.

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