Disney Names Bob Chapek CEO; Bob Iger Remains Chairman of Board and Will Continue to Run ‘Creative Endeavors’

Brooks Barnes, reporting for The New York Times:

The Walt Disney Company said that Mr. Iger, who has run Disney for nearly 15 years, would be replaced as chief executive by Bob Chapek, a 27-year veteran of the entertainment conglomerate who has most recently served as chairman of Disney’s theme parks and consumer products businesses. Mr. Chapek will report to the Disney board, which will continue to be led by Mr. Iger, who will also take on the title of executive chairman and “direct Disney’s creative endeavors,” the company said, until the end of his contract on Dec. 31, 2021. […]

Mr. Iger said the Disney board “identified Bob actually quite some time ago as a likely successor.” He said he decided not to elevate Mr. Chapek to an interim role — perhaps chief operating officer, a job that has not existed at Disney since Thomas O. Staggs, once Mr. Iger’s heir apparent, left the company in 2016. “I did not believe that would bestow on him the kind of autonomy that I wanted him to have during this transition,” Mr. Iger said. Furthermore, “I’m not going to suddenly be working three days a week. My new role is a full-time job.” […]

Mr. Chapek, who has limited creative experience, became the seventh chief executive in Disney’s nearly 100-year history. He can come across as a bit stiff in comparison to the magnetic Mr. Iger, whose celebrated run at the company has made him a corporate celebrity. But what Mr. Chapek may lack in charisma, he makes up for with an uncynical admiration for Disney’s sentimental style of entertainment, gladly clapping along with the parade when he visits the parks and gamefully engaging in scripted banter with costumed characters.

Iger running creative efforts full-time — and remaining, ultimately, in charge — while Chapek runs the company as CEO feels like what would have happened at Apple if Steve Jobs hadn’t succumbed to cancer. Jobs as chief design officer — and chairman of the board — with Cook as CEO would’ve been perfect.

Wednesday, 26 February 2020