The Walt Disney Company Board of Directors has unanimously voted to extend Bob Chapek’s contract as CEO for three years.
Bob Chapek took over for the well-liked Bob Iger, and Chapek has just agreed to this long-term contract. For many Disney fans, this may be some bad news. This means that the new agreement will run until 2025.
This decision follows after a statement issued by the board a few weeks back regarding the Peter Rice situation: “and his leadership team have the support and confidence of the Board.” Let’s see where the next three years take Disney with Bob Chapek being the leader.
Source: Hollywood Reporter